Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $599,902 19.67% trigger yield optimization notes on SPDR ETF
New York, Dec. 28 – UBS AG, London Branch priced $599,902.19 of 19.67% annualized trigger yield optimization notes due March 3, 2023 linked to the shares of SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $148.97, which is equal to the initial share price of the ETF.
Interest is payable monthly.
The payout at maturity will be par unless the final price of the ETF is less than 80% of the initial share price, in which case investors will receive one ETF 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 fund: | SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $599,902.19
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Maturity: | March 3, 2023
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Coupon: | 19.67%, payable monthly
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Price: | Par of $148.97
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Payout at maturity: | If final share price is less than trigger price, one ETF share; otherwise, par
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Initial share price: | $148.97
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Trigger price: | $119.18, 80% of initial price
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.7%
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Cusip: | 90280C477
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