Published on 6/25/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 buffered return optimization securities linked to Halliburton
New York, June 25 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due June 30, 2020 linked to Halliburton Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Halliburton stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 14.04%.
If Halliburton stock declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying stock: | Halliburton Co. (NYSE: HAL)
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Amount: | $100,000
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Maturity: | June 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times return of Halliburton stock, capped at 14.04%; par if stock declines by up to 15%; exposure to losses beyond 15%
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Initial share price: | $22.50
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Pricing date: | June 25
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Settlement date: | June 27
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90287W476
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