Published on 8/3/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $500,000 performance securities linked to Consumer Staples ETF
By Kiku Steinfeld
Chicago, Aug. 3 – UBS AG, London Branch priced $500,000 of 0% performance securities due July 31, 2025 linked to the Consumer Staples Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the return.
Investors will be fully exposed to any decline in the share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Performance securities
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Underlying fund: | Consumer Staples Select Sector SPDR fund
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Amount: | $500,000
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Maturity: | July 31, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If ETF return is positive, par plus 200% of gain; full exposure to losses
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Initial price: | $62.67
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Pricing date: | July 28
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Settlement date: | July 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90289T695
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