Published on 6/9/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $105,000 return optimization securities linked to Wayfair
New York, June 9 – UBS AG, London Branch priced $105,000 of return optimization securities due June 11, 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 71.12%.
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: | $105,000
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Maturity: | June 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 any gain in common stock of Wayfair, capped at 71.12%; otherwise, exposure to any losses
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Initial share price: | $49.44
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Pricing date: | June 6
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Settlement date: | June 8
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90286V313
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