Published on 12/1/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $500,000 trigger return optimization securities linked to Home Depot
Chicago, Dec. 1 – UBS AG, London Branch priced $500,000 of trigger return optimization securities due June 23, 2023 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Home Depot stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Home Depot capped at 18.84%.
Investors will receive par if the stock declines but finishes above the 80% trigger level and will share in any losses if it closes below the trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying stock: | Home Depot, Inc. (NYSE: HD)
|
Amount: | $500,000
|
Maturity: | June 23, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus five times any gain in common stock of Home Depot, capped at 18.84%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
|
Initial share price: | $340.74
|
Trigger level: | $272.59, 80% of initial price
|
Pricing date: | March 18
|
Settlement date: | March 22
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1%
|
Cusip: | 90303H305
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.