Published on 7/31/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $110,000 buffered return optimization securities linked to Micron Technology
New York, July 31 – UBS AG, London Branch priced $110,000 of buffered return optimization securities due July 30, 2024 linked to Micron Technology, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Micron Technology stock closes at or above its initial price, the payout at maturity will be par plus 3.25 times any gain, capped at par plus 17.45%.
If Micron Technology stock declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying stock: | Micron Technology, Inc. (Nasdaq: MU)
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Amount: | $110,000
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Maturity: | July 30, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3.25 times return of Micron Technology stock, capped at 17.45%; par if stock declines by up to 15%; exposure to losses beyond 15%
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Initial share price: | $65.68
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Pricing date: | July 25
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Settlement date: | July 27
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90301X393
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