Published on 7/28/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $381,700 return optimization securities on Wynn Resorts
New York, July 28 – UBS AG, London Branch priced $381,700 of return optimization securities due July 29, 2027 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If Wynn Resorts stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Wynn Resorts capped at par plus 146.7%.
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: | Wynn Resorts, Ltd. (Nasdaq: WYNN)
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Amount: | $381,700
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Maturity: | July 29, 2027
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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 Wynn Resorts, capped at par plus 146.7%; otherwise, exposure to any losses
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Initial share price: | $61.25
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Pricing date: | July 26
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Settlement date: | July 28
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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: | 90303P844
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