Published on 7/29/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $102,000 return optimization securities linked to Wayfair
New York, July 29 – UBS AG, London Branch priced $102,000 of return optimization securities due Aug. 1, 2024 linked to the common stock of Wayfair Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Wayfair stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Wayfair capped at par plus 147.68%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying stock: | Wayfair Inc. (NYSE: W)
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Amount: | $102,000
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Maturity: | Aug. 1, 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 any gain in common stock of Wayfair, capped at par plus 147.68%; otherwise, exposure to any losses
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Initial share price: | $52.61
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Pricing date: | July 28
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Settlement date: | Aug. 1
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90303Q172
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