Published on 4/3/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $250,000 airbag yield optimization notes on Wells Fargo
By Sarah Lizee
Olympia, Wash., April 3 – UBS AG, London Branch priced $250,000 of 20.69% airbag yield optimization notes due Oct. 1, 2020 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Wells Fargo shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank is the agent.
Issuer: | UBS AG, London Branch
|
Issue: | Airbag yield optimization notes
|
Underlying stock: | Wells Fargo & Co. (NYSE: WFC)
|
Amount: | $250,000
|
Maturity: | Oct. 1, 2020
|
Coupon: | 20.69%, payable monthly
|
Price: | Par
|
Payout at maturity: | If final share price is less than conversion price, number of shares equal to $1,000 divided by conversion price; otherwise, par
|
Initial share price: | $30.28
|
Conversion price: | $25.74, 85% of initial price
|
Pricing date: | March 27
|
Settlement date: | March 31
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 0.5%
|
Cusip: | 90289E672
|
|
© 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.