Published on 8/27/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $600,000 trigger performance securities on SPDR Dow ETF
By Sarah Lizee
Olympia, Wash., Aug. 27 – UBS AG, London Branch priced $600,000 of 0% trigger performance securities due Aug. 29, 2024 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 130.700798% of any ETF gain.
If the ETF falls by up to the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Securities LLC 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: | $600,000
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Maturity date: | Aug. 29, 2024
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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 130.700798% of return; if fund falls but not below 70% trigger level, par; otherwise, full exposure to any losses
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Initial level: | $259.10
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Trigger level: | $181.37, 70% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 28
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Agent: | UBS Securities LLC and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90288C883
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