Published on 9/15/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $284,900 trigger return optimization securities linked to Vanguard FTSE
New York, Sept. 15 – UBS AG, London Branch priced $284,900 of trigger return optimization securities due Sept. 20, 2023 linked to the shares of Vanguard FTSE Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above the initial price, the payout at maturity will be par plus two times any gain in shares of the ETF capped at 30.97%.
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: | Trigger return optimization securities
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Underlying ETF: | Vanguard FTSE Emerging Markets ETF
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Amount: | $284,900
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Maturity: | Sept. 20, 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 gain in shares of Vanguard FTSE, capped at 30.97%; otherwise, exposure to any losses
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Initial share price: | $44.71
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Pricing date: | Sept. 15
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Settlement date: | Sept. 17
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90281V268
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