Published on 8/16/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $240,000 trigger return optimization securities on Brazil ETF
Chicago, Aug. 16 – UBS AG, London Branch priced $240,000 of trigger return optimization securities due July 25, 2024 linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above the initial price, the payout at maturity will be par plus two times any gain in the ETF capped at 95.52%.
Investors will receive par if the ETF declines but finishes above the 75% 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
|
Issue: | Trigger return optimization securities
|
Underlying ETF: | iShares MSCI Brazil ETF
|
Amount: | $240,000
|
Maturity: | July 25, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus two times any gain in shares, capped at 95.52%; par if ETF declines but finishes above the trigger level; otherwise, exposure to any losses
|
Initial share price: | $26.02
|
Trigger level: | $19.52, 75% of initial price
|
Pricing date: | July 21, 2022
|
Settlement date: | July 25, 2022
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90303P422
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.