Published on 8/1/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $10.42 million contingent absolute return notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 1 – UBS AG, London Branch priced $10.42 million of 0% contingent absolute return performance securities due July 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, payout at maturity will be par plus 1.52 times the gain.
If the index falls but finishes at or above the 75% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Contingent absolute return performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,423,200
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If index gains, par plus 152% of return; if index falls by up to trigger level, par plus absolute value of return; otherwise, full exposure to any losses
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Initial level: | 3,190.54
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Trigger level: | 2,392.91, or 75% of initial level
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Pricing date: | July 29
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Settlement date: | July 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90273E415
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