Published on 7/14/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $98,592 22.81% trigger yield optimization notes linked to Tesla Motors
New York, July 14 – UBS AG, London Branch priced $98,592 of 22.81% annualized trigger yield optimization notes due Jan. 20, 2021 linked to the common stock of Tesla Motors, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $1516.80, which is equal to the initial share price of Tesla Motors stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Tesla Motors stock is less than 50% of the initial share price, in which case investors will receive one Tesla Motors 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: | Tesla Motors, Inc. (Nasdaq: TSLA)
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Amount: | $98,592
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Maturity: | Jan. 20, 2021
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Coupon: | 22.81%, payable monthly
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Price: | Par of $1516.80
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Payout at maturity: | If final share price is less than trigger price, one Tesla Motors share; otherwise, par
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Initial share price: | $1516.80
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Trigger price: | $758.40, 50% of initial price
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Pricing date: | July 14
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Settlement date: | July 16
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90289R269
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