By Taylor Fox
New York, Feb. 22 – UBS AG, London Branch priced $300,000 of trigger return optimization securities due Feb. 22, 2022 linked to the common stock of Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock capped at par plus 12.7%.
If the stock declines, but finishes above its 80% trigger level, the payout will be par.
Otherwise, investors will fully 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 stock: | Visa Inc.
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Amount: | $300,000
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Maturity: | Feb. 22, 2022
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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, capped at par plus 12.7%; par if stock declines but finishes above trigger level; otherwise, full exposure to any losses
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Initial share price: | $207.9
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Trigger level: | $166.32, 80% of initial level
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Pricing date: | Feb. 16
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Settlement date: | Feb. 18
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90285C639
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