Published on 2/21/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $260,000 trigger return optimization securities linked to Petroleo
By Taylor Fox
New York, Feb. 22 – UBS AG, London Branch priced $260,000 of trigger return optimization securities due Feb. 23, 2022 linked to the American Depositary Receipts of Petroleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in stock capped at 29.61%.
If the stock declines but finishes above the 80% trigger level, the payout will be par.
Otherwise, investors will fully share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying stock: | Petroleo Brasileiro SA
|
Amount: | $260,000
|
Maturity: | Feb. 23, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus five times any gain in stock, capped at par plus 29.61%; if the stock declines but finishes above its trigger level, par; otherwise, full exposure to any losses
|
Initial share price: | $10.92
|
Trigger level: | $8.74, 80% of the initial levels
|
Pricing date: | Feb. 17
|
Settlement date: | Feb. 19
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1%
|
Cusip: | 90285E841
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.