Published on 12/6/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.89 million capped trigger gears tied to MSCI Emerging Markets index
By William Gullotti
Buffalo, N.Y., Dec. 6 – UBS AG, London Branch priced $2.89 million of 0% capped trigger gears due Nov. 29, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain of the index, capped at par plus 40%.
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
|
Issue: | Capped trigger gears
|
Underlying index: | MSCI Emerging Markets index
|
Amount: | $2,890,500
|
Maturity: | Nov. 29, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index gains, par plus two times return of the index, capped at par plus 40%; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% that the index declines below the initial level
|
Initial level: | 1,223.13
|
Downside threshold: | 917.35; 75% of initial level
|
Pricing date: | Nov. 26
|
Settlement date: | Nov. 30
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2.5%
|
Cusip: | 90285D165
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.