Published on 7/10/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $139,000 buffered return optimization securities on Wayfair
New York, July 11 – UBS AG, London Branch priced $139,000 of buffered return optimization securities due July 11, 2024 linked to Wayfair Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Wayfair stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 122.9%.
If Wayfair stock declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
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: | Wayfair Inc. (NYSE: W)
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Amount: | $139,000
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Maturity: | July 11, 2024
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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 Wayfair stock, capped at 122.9%; par if stock declines by up to 15%; exposure to losses beyond 15%
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Initial share price: | $55.31
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Pricing date: | July 8
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Settlement date: | July 12
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90303U504
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