Published on 6/6/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $165,000 buffered return optimization securities on SPDR S&P 500
New York, June 6 – UBS AG, London Branch priced $165,000 of buffered return optimization securities due Dec. 5, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above its initial price, the payout at maturity will be par plus two times any ETF gain, capped at par plus 14.96%.
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 ETF: | SPDR S&P 500 ETF Trust
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Amount: | $165,000
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Maturity: | Dec. 5, 2023
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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 any ETF gain, capped at par plus 14.96%; par if ETF declines by up to 10%; exposure to losses beyond 10%
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Initial share price: | $412.93
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Pricing date: | May 31
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Settlement date: | June 2
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90303N146
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