Published on 2/14/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.4 million jump securities tied to FTSE 100
By William Gullotti
Buffalo, N.Y., Feb. 14 – UBS AG, London Branch priced $3.4 million of 0% jump securities due Feb. 12, 2027 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index finishes at or above its initial level, the payout will be par of $10 plus the greater of the index’s return and 62%.
Otherwise, investors will be fully exposed to any losses of the index.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
Issuer: | UBS AG, London Branch
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Issue: | Jump securities
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Underlying index: | FTSE 100 index
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Amount: | $3,395,000
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Maturity: | Feb. 12, 2027
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and 62%; otherwise, investors lose 1% for each 1% decline from the initial level
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Initial level: | 7,643.42
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | UBS Securities LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 90290V184
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