Published on 7/28/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 return optimization securities on United Airlines
New York, July 28 – UBS AG, London Branch priced $100,000 of return optimization securities due July 28, 2026 linked to the common stock of United Airlines Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If United Airlines stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of United Airlines capped at 89.31%.
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: | United Airlines Holdings, Inc. (Nasdaq: UAL)
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Amount: | $100,000
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Maturity: | July 28, 2026
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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 common stock of United Airlines, capped at 89.31%; otherwise, exposure to any losses
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Initial share price: | $47.53
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Pricing date: | July 23
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Settlement date: | July 27
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90300L747
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