Published on 3/5/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,996 9.58% trigger yield optimization notes linked to Bank of America
New York, March 5 – UBS AG, London Branch priced $99,996.52 of 9.58% trigger yield optimization notes due March 10, 2021 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $26.78, which is equal to the initial share price of Bank of America stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Bank of America stock is less than 90% of the initial share price, in which case investors will receive one Bank of America 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: | Bank of America Corp. (NYSE: BAC)
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Amount: | $99,996.52
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Maturity: | March 10, 2021
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Coupon: | 9.58%, payable monthly
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Price: | Par of $26.78
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Payout at maturity: | If final share price is less than trigger price, one Bank of America share; otherwise, par
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Initial share price: | $26.78
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Trigger price: | $24.10, 90% of initial price
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Pricing date: | March 5
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Settlement date: | March 9
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90289A597
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