Published on 2/13/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $499,880 14.03% trigger yield optimization notes linked to Signature
New York, Feb. 13 – UBS AG, London Branch priced $499,880.22 of 14.03% trigger yield optimization notes due Feb. 12, 2024 linked to the common stock of Signature Bank, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $138.74, which is equal to the initial share price of Signature stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Signature stock is less than 70% of the initial share price, in which case investors will receive one Signature share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Signature Bank (Nasdaq: SBNY)
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Amount: | $499,880.22
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Maturity: | Feb. 12, 2024
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Coupon: | 14.03%, payable monthly
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Price: | Par of $138.74
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Payout at maturity: | If final share price is less than trigger price, one Signature share; otherwise, par
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Initial share price: | $138.74
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Trigger price: | $97.12, 70% of initial price
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Pricing date: | Feb. 7
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Settlement date: | Feb. 9
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90286D230
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