Published on 8/10/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.2 million capped gears linked to stock basket
By Sarah Lizee
Olympia, Wash., Aug. 10 – UBS AG, London Branch priced $2.2 million of 0% capped gears due Sept. 30, 2021 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stocks are Accenture plc, American Electric Power Co., Inc., American Tower Corp., Air Products and Chemicals, Inc., Crown Castle International Corp., Comcast Corp., Honeywell International Inc., Intercontinental Exchange, Inc., Coca-Cola Co., Linde plc, Mondelez International, Inc., Microsoft Corp., NextEra Energy, Inc., NIKE, Inc., Oracle Corp., Sherwin-Williams Co., AT&T Inc. and Verizon Communications Inc.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return of 17.7%. If the basket return is negative, investors will have one-to-one exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped gears
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| Underlying stocks: | Accenture plc, American Electric Power Co., Inc., American Tower Corp., Air Products and Chemicals, Inc., Crown Castle International Corp., Comcast Corp., Honeywell International Inc., Intercontinental Exchange, Inc., Coca-Cola Co., Linde plc, Mondelez International, Inc., Microsoft Corp., NextEra Energy, Inc., NIKE, Inc., Oracle Corp., Sherwin-Williams Co., AT&T Inc. and Verizon Communications Inc.; equally weighted
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| Amount: | $2,200,450
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| Maturity: | Sept. 30, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket return is greater than zero, par plus three times basket return, subject to 17.7% maximum return; one-to-one exposure to any basket decline
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| Initial levels: | $222.18 for Accenture, $84.74 for American Electric, $266.80 for American Tower, $289.27 for Air Products, $171.78 for Crown, $43.21 for Comcast, $152.01 for Honeywell, $92.92 for Intercontinental, $48.18 for Coca-Cola, $243.70 for Linde, $55.71 for Mondelez, $202.02 for Microsoft, $280.04 for NextEra, $96.27 for Nike, $55.35 for Oracle, $633.55 for Sherwin, $29.69 for AT&T, $57.48 for Verizon
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90281K643
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