Published on 7/16/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.6 million capped trigger gears on basket of five stocks
By Wendy Van Sickle
Columbus, Ohio, July 2 – UBS AG, London Branch priced $1.6 million of 0% capped trigger gears due Dec. 2, 2024 linked to a basket of five equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the stocks of Apple Inc., salesforce.com, inc., Regions Financial Corp., Roku, Inc. and Square, Inc.
If the basket return is positive, the payout at maturity will be par plus 1.4 times the basket return, up to a maximum payout of par plus 50%.
If the basket declines but not by more than 25%, the payout will be par.
If the basket finishes below the 75% downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped trigger gears
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| Underlying stocks: | Apple Inc., salesforce.com, inc., Regions Financial Corp., Roku, Inc. and Square, Inc.; equally weighted
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| Amount: | $1.6 million
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| Maturity: | Dec. 2, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the basket return is positive, par plus 1.4 times the basket gain, capped at par plus 50%; if the basket declines by up to 25%, par; if the basket finishes below the downside threshold, 1% loss for every 1% that the basket declines from its initial level
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| Downside threshold: | 75% of initial basket level
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| Initial share prices: | $126.85 for Apple, $229.68 for salesforce.com, $22.83 for Regions Financial, $348.99 for Roku, $222.34 for Square
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.85%
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| Cusip: | 90276BZW6
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