Published on 3/8/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $141,000 return optimization securities linked to Petrobras
New York, March 8 – UBS AG, London Branch priced $141,000 of return optimization securities due March 10, 2023 linked to the American depositary receipts of Petroleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.
If Petrobras stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in American depositary receipts of Petrobras capped at 61.13%.
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: | Petroleo Brasileiro SA (NYSE: PBR)
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Amount: | $141,000
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Maturity: | March 10, 2023
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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 American depositary receipts of Petrobras, capped at 61.13%; otherwise, exposure to any losses
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Initial share price: | $13.36
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Pricing date: | March 7
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Settlement date: | March 9
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90303F838
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