Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $13.97 million index-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 29 – UBS AG, London Branch priced $13.97 million of 0% index-linked notes due May 26, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,430.70 per $1,000 principal amount, and par plus the index return.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $13,971,000
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Maturity: | May 26, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, greater of the threshold settlement amount, $1,430.70 per $1,000 principal amount, and par plus the index return; if the index falls by up to 15%, par; otherwise, 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 3,587.25
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Pricing date: | May 22
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Settlement date: | May 30
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 2.6%
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Cusip: | 90270KRR2
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