Published on 10/16/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.3 million trigger performance securities on SPDR S&P 500 ETF trust
By Kiku Steinfeld
Chicago, Oct. 16 – UBS AG, London Branch priced $4.3 million of 0% trigger securities due Sept. 29, 2023 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus any ETF gain.
If the ETF closes at or above its trigger level, 64.494949% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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 S&P 500 ETF trust
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Amount: | $4,300,000
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Maturity date: | Sept. 29, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund gains, par plus any ETF gain; if ETF closes at or above trigger level, par; otherwise, full exposure to any losses
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Initial level: | $297.00
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Trigger level: | $191.55, 64.494949% of if its initial level
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Pricing date: | Sept. 26
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3%
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Cusip: | 90288F431
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