Published on 7/28/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $351,000 return optimization securities on General Motors
New York, July 28 – UBS AG, London Branch priced $351,000 of return optimization securities due July 29, 2027 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.
If General Motors stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of General Motors capped at par plus 84.74%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying stock: | General Motors Co. (NYSE: GM)
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Amount: | $351,000
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Maturity: | July 29, 2027
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any gain in common stock of General Motors, capped at par plus 84.74%; otherwise, exposure to any losses
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Initial share price: | $33.34
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Pricing date: | July 26
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Settlement date: | July 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90303P778
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