Published on 4/28/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $119,500 trigger performance securities on SPDR Dow Jones ETF
By Sarah Lizee
Olympia, Wash., April 28 – UBS AG, London Branch priced $119,500 of 0% trigger performance securities due April 25, 2025 linked to the SPDR Dow Jones industrial average ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 128.862892% of any ETF gain.
If the ETF finishes below its initial price but at or above its trigger level, 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying ETF: | SPDR Dow Jones industrial average ETF
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Amount: | $119,500
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Maturity date: | April 25, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund gains, par plus 128.862892% of ETF gain; if ETF finishes below initial level but at or above trigger level, par; otherwise, full exposure to losses
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Initial level: | $234.77
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Trigger level: | $164.34, 70% of if its initial level
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Pricing date: | April 22
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Settlement date: | April 24
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90289G735
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