Published on 11/22/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 return optimization securities linked to Snap
New York, Nov. 22 – UBS AG, London Branch priced $100,000 of return optimization securities due Nov. 9, 2022 linked to the common stock of Snap Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Snap stock closes at or above the initial price, the payout at maturity will be par plus three times any gain in common stock of Snap capped at 44.14%.
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: | Snap Inc. (NYSE: SNAP)
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Amount: | $100,000
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Maturity: | Nov. 9, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus three times any gain in common stock of Snap, capped at 44.14%; otherwise, exposure to any losses
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Initial share price: | $52.26
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Pricing date: | Nov. 4
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Settlement date: | Nov. 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: | 90301L399
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