Published on 7/9/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $134,469 9.02% trigger yield optimization notes linked to Devon Energy
New York, July 9 – UBS AG, London Branch priced $134,469.44 of 9.02% trigger yield optimization notes due July 13, 2022 linked to the common stock of Devon Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $27.76, which is equal to the initial share price of Devon Energy stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Devon Energy stock is less than 70% of the initial share price, in which case investors will receive one Devon Energy share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Devon Energy Corp. (NYSE: DVN)
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Amount: | $134,469.44
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Maturity: | July 13, 2022
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Coupon: | 9.02%, payable monthly
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Price: | Par of $27.76
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Payout at maturity: | If final share price is less than trigger price, one Devon Energy share; otherwise, par
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Initial share price: | $27.76
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Trigger price: | $19.43, 70% of initial price
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Pricing date: | July 8
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Settlement date: | July 12
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90300H688
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