Published on 2/2/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $324,581 7.3% trigger yield optimization notes linked to Marriott International
New York, Feb. 2 – UBS AG, London Branch priced $324,581.01 of 7.3% trigger yield optimization notes due Jan. 30, 2023 linked to the common stock of Marriott International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $157.03, which is equal to the initial share price of Marriott International stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Marriott International stock is less than 75% of the initial share price, in which case investors will receive one Marriott International share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger yield optimization notes
|
Underlying stock: | Marriott International, Inc. (Nasdaq: MAR)
|
Amount: | $324,581.01
|
Maturity: | Jan. 30, 2023
|
Coupon: | 7.3%, payable monthly
|
Price: | Par of $157.03
|
Payout at maturity: | If final share price is less than trigger price, one Marriott International share; otherwise, par
|
Initial share price: | $157.03
|
Trigger price: | $117.77, 75% of initial price
|
Pricing date: | Jan. 25
|
Settlement date: | Jan. 27
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90302V230
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.