Published on 3/29/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 buffered return optimization securities linked to Wells Fargo
New York, March 29 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due April 2, 2020 linked to Wells Fargo & Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Wells Fargo stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 10.95%.
If Wells Fargo stock declines by up to 7%, the payout will be par. Investors will be exposed to any losses beyond 7%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying stock: | Wells Fargo & Co. (NYSE: WFC)
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Amount: | $100,000
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Maturity: | April 2, 2020
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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 return of Wells Fargo stock, capped at 10.95%; par if stock declines by up to 7%; exposure to losses beyond 7%
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Initial share price: | $48.32
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Pricing date: | March 29
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Settlement date: | April 2
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90287N807
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