Published on 1/26/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $234,000 capped leveraged buffered notes on EM ETF
By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – UBS AG, London Branch priced $234,000 of 0% capped leveraged buffered notes due Sept. 18, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, up to a maximum settlement amount of $1,197.55 for each $1,000 principal amount of notes.
Investors will receive par if the ETF falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying ETF: | iShares MSCI Emerging Markets
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Amount: | $234,000
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Maturity: | Sept. 18, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any ETF gain, capped at 19.755%; par if ETF falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
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Initial index level: | $37.19
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Pricing date: | Jan. 24
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Settlement date: | Jan. 31
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Underwriter: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KHY8
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