Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $500,000 airbag yield optimization notes on Ford
By William Gullotti
Buffalo, N.Y., April 4 – UBS AG, London Branch priced $500,000 of 6.03% airbag yield optimization notes due May 10, 2022 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than the 85% conversion price, in which case investors will lose 1.17647% for every 1% that the stock declines beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Ford Motor Co. (Symbol: F)
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Amount: | $500,000
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Maturity: | May 10, 2022
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Coupon: | 6.03% annualized, payable monthly
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Price: | Par
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Payout at maturity: | Par if stock finishes at or above conversion price; otherwise, 1.17647% loss for every 1% that the stock declines beyond 15%
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Initial share price: | $11.61
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Conversion price: | $9.87; 85% of initial price
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Pricing date: | May 5, 2021
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Settlement date: | May 7, 2021
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90287A805
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