Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 trigger return optimization securities linked to Walt Disney
New York, April 14 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due Oct. 19, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
If Walt Disney stock closes at or above the initial price, the payout at maturity will be par plus 1.5 times any gain in common stock of Walt Disney capped at 28.94%.
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 stock: | Walt Disney Co. (NYSE: DIS)
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Amount: | $100,000
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Maturity: | Oct. 19, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times any gain in common stock of Walt Disney, capped at 28.94%; otherwise, exposure to any losses
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Initial share price: | $106.03
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Pricing date: | April 14
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Settlement date: | April 16
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90289F828
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