By Sarah Lizee
Olympia, Wash., April 16 – UBS AG London Branch priced $3.8 million of 0% capped buffered dual directional notes with downside leverage factor due April 29, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at par plus 7%.
If the index falls by up to 11.2%, the payout will be par plus the absolute value of the index return.
Investors will lose 1.1261% for every 1% decline beyond 11.2%.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG London Branch
|
| Issue: | Capped buffered dual directional notes with downside leverage factor
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,795,000
|
| Maturity: | April 29, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any index gain, capped at par plus 7%; if index falls by up to 11.2% par plus the absolute value of the index return; 1.1261% loss for every 1% decline beyond 11.2%
|
| Initial level: | 2,907.41
|
| Pricing date: | April 12
|
| Settlement date: | April 17
|
| Agent: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90270KA25
|
© 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.
