Published on 12/13/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.18 million buffered return optimization securities linked to Schlumberger
New York, Dec. 13 – UBS AG, London Branch priced $1,180,000 of buffered return optimization securities due Dec. 17, 2020 linked to Schlumberger NV stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Schlumberger stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 20.3%.
If Schlumberger stock declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
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: | Schlumberger NV (NYSE: SLB)
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Amount: | $1,180,000
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Maturity: | Dec. 17, 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 Schlumberger stock, capped at 20.3%; par if stock declines by up to 10%; exposure to losses beyond 10%
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Initial share price: | $39.00
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Pricing date: | Dec. 13
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Settlement date: | Dec. 17
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90288P140
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