Published on 7/24/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,988 7.26% trigger yield optimization notes on Yum China
New York, July 24 – UBS AG, London Branch priced $99,988.8 of 7.26% trigger yield optimization notes due July 29, 2020 linked to the common stock of Yum China Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $44.40, which is equal to the initial share price of Yum China stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Yum China stock is less than 80% of the initial share price, in which case investors will receive one Yum China share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Yum China Holdings, Inc. (NYSE: YUMC)
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Amount: | $99,988.8
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Maturity: | July 29, 2020
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Coupon: | 7.26%, payable monthly
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Price: | Par of $44.40
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Payout at maturity: | If final share price is less than trigger price, one Yum China share; otherwise, par
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Initial share price: | $44.40
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Trigger price: | $35.52, 80% of initial price
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Pricing date: | July 24
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Settlement date: | July 26
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90287Y506
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