Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $628,500 capped trigger gears due 2023 tied to Euro Stoxx 50
By Marisa Wong
Los Angeles, April 14 – UBS AG, London Branch priced $628,500 of 0% capped trigger gears due March 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus the 5 times any gain of the index, capped at par plus 36.75%.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines below the 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 index: | Euro Stoxx 50 index
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Amount: | $628,500
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Maturity: | March 31, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus 5 times return of the index, capped at par plus 36.75%; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% that the index declines below the initial level
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Initial level: | 2,728.65
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Downside threshold: | 2,046.49, 75% of initial level
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Pricing date: | March 27
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Settlement date: | March 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 06747G729
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