Published on 2/11/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $390,000 buffered return optimization notes on SPDR
By Kiku Steinfeld
Chicago, Feb. 12 – UBS AG, London Branch priced $390,000 of 0% buffered return optimization securities due July 1, 2024 linked to the SPDR Euro Stoxx 50 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 11.42%.
If the ETF declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agents are 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 fund: | SPDR Euro Stoxx 50 ETF
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Amount: | $390,000
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Maturity: | July 1, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times return of SPDR Euro, capped at 11.42%; par if ETF declines by up to 10%; exposure to losses beyond 10%
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Initial share price: | $44.55
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Pricing date: | June 26, 2023
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Settlement date: | June 28, 2023
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.3%
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Cusip: | 90286Q843
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