Published on 5/5/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $200,000 return optimization securities on Steel Dynamics
New York, May 5 – UBS AG, London Branch priced $200,000 of return optimization securities due May 7, 2026 linked to the common stock of Steel Dynamics, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Steel Dynamics stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Steel Dynamics capped at 105.03%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying stock: | Steel Dynamics, Inc. (Nasdaq: STLD)
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Amount: | $200,000
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Maturity: | May 7, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any gain in common stock of Steel Dynamics, capped at 105.03%; otherwise, exposure to any losses
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Initial share price: | $59.41
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Pricing date: | May 4
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Settlement date: | May 6
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90287A565
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