Published on 5/30/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3 million buffered return optimization securities tied to Gold Miners ETF
By Toni Weeks
San Diego, May 30 - UBS AG, London Branch priced $3 million of 0% buffered return optimization securities due May 30, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in the fund price, up to a maximum return of 30.25%.
Investors will receive par if shares fall by up to 15% and will lose 1% for every 1% decline beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying fund: | Market Vectors Gold Miners ETF
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Amount: | $3,003,000
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Maturity: | May 30, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any fund gain, capped at 30.25%; par for losses up to 15%; 1% loss for every 1% drop beyond 15%
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Initial level: | $44.91
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Pricing date: | May 25
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Settlement date: | May 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90268U259
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