Published on 6/21/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $900,000 trigger gears tied to S&P, Dow, Nasdaq
By William Gullotti
Buffalo, N.Y., June 21 – UBS AG, London Branch priced $900,000 of 0% trigger gears due June 19, 2025 linked to the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index return is positive, the payout at maturity will be par plus 1.55 times the lesser performing index return.
If any index falls by up to 30%, the payout will be par.
Investors will lose 1% for every 1% decline of the lesser performing index from its initial level if it finishes below the 70% downside threshold.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger gears
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Underlying index: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $900,000
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Maturity: | June 19, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index return is positive, par plus 1.55 times the lesser performing index return; if any index falls by up to downside threshold, par; otherwise, 1% loss for every 1% decline of the lesser performing index from its initial level
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Initial index level: | 34,033.67 for Dow, 4,223.7 for S&P, 13,983.01 for Nasdaq
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Downside threshold: | 23,823.57 for Dow, 2,956.59 for S&P, 9,788.11 for Nasdaq; 70% of initial level
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Pricing date: | June 16
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Settlement date: | June 21
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.5%
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Cusip: | 90276BU50
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