Published on 7/28/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 return optimization securities on Western Digital
New York, July 28 – UBS AG, London Branch priced $100,000 of return optimization securities due July 28, 2026 linked to the common stock of Western Digital Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Western Digital stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Western Digital capped at 99.08%.
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: | Return optimization securities
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Underlying stock: | Western Digital Corp. (Nasdaq: WDC)
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Amount: | $100,000
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Maturity: | July 28, 2026
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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 of Western Digital, capped at 99.08%; otherwise, exposure to any losses
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Initial share price: | $63.75
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Pricing date: | July 23
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Settlement date: | July 27
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90300L705
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