Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $450,000 trigger return optimization securities linked to Advanced Micro
New York, Aug. 21 – UBS AG, London Branch priced $450,000 of trigger return optimization securities due Nov. 21, 2024 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Advanced Micro stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Advanced Micro capped at 33.53%.
Investors will receive par if the stock declines but finishes above the 60% trigger level and will share in any losses if it closes below the trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying stock: | Advanced Micro Devices, Inc. (Nasdaq: AMD)
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Amount: | $450,000
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Maturity: | Nov. 21, 2024
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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 Advanced Micro, capped at 33.53%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
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Initial share price: | $104.44
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Trigger level: | $62.66, 60% of initial price
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Pricing date: | Aug. 17
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Settlement date: | Aug. 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90301W767
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