Published on 2/21/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 trigger return optimization securities linked to Walt Disney
By Taylor Fox
New York, Feb. 22 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due Feb. 22, 2022 linked to the common stock of the Walt Disney Co., 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 18.05%.
If the stock declines but finishes above the 75% 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: | Walt Disney Co.
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Amount: | $100,000
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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 18.05%; if the stock declines but finishes above the trigger level, the payout will be par; otherwise, full exposure to any losses
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Initial share price: | $186.35
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Trigger level: | $139.76, 75% of the initial levels
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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: | 90285C688
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