Published on 4/25/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $205,000 trigger performance notes linked to Dow Jones ETF
By Angela McDaniels
Tacoma, Wash., April 25 – UBS AG, London Branch priced $205,000 of 0% trigger performance securities due April 30, 2024 linked to the SPDR Dow Jones Industrial Average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 132.230168% of the trust’s return. Investors will receive par if the final share price is less than the initial share price but greater than or equal to the trigger level, 60% of the initial share price. If the final share price is less than the trigger level, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying ETF: | SPDR Dow Jones Industrial Average ETF Trust
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Amount: | $205,000
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final share price is greater than initial share price, par plus 132.230168% of ETF’s return; par if final share price is less than initial share price but greater than or equal to trigger level; otherwise, 1% loss for every 1% that final share price is less than initial share price
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Initial share price: | $264.53
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Trigger level: | $158.72, 60% of initial price
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Pricing date: | April 25
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Settlement date: | April 29
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90287Q297
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