Published on 1/20/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $149,966 9.36% trigger yield optimization notes linked to Ford Motor
New York, Jan. 20 – UBS AG, London Branch priced $149,966 of 9.36% trigger yield optimization notes due Jan. 24, 2024 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $22.45, which is equal to the initial share price of Ford Motor stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Ford Motor stock is less than 70% of the initial share price, in which case investors will receive one Ford Motor share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Ford Motor Co. (NYSE: F)
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Amount: | $149,966
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Maturity: | Jan. 24, 2024
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Coupon: | 9.36%, payable monthly
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Price: | Par of $22.45
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Payout at maturity: | If final share price is less than trigger price, one Ford Motor share; otherwise, par
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Initial share price: | $22.45
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Trigger price: | $15.71, 70% of initial price
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Pricing date: | Jan. 19
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Settlement date: | Jan. 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.75%
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Cusip: | 90302T508
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