Published on 8/13/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $250,000 trigger return optimization notes on Electronic Arts
By Marisa Wong
Morgantown, W.Va., Aug. 13 – UBS AG, London Branch priced $250,000 of trigger return optimization securities due Aug. 15, 2019 linked to the common stock of Electronic Arts Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Electronic Arts stock finishes above the initial price, the payout at maturity will be par plus 2.5 times the gain, capped at par plus 17.51%.
If the stock return is zero or negative but the stock finishes at or above the 85% trigger level, the payout will be par. Otherwise, investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying stock: | Electronic Arts Inc. (Nasdaq: EA)
|
Amount: | $250,000
|
Maturity: | Aug. 15, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 2.5 times any share price gain, capped at par plus 17.51%; par if stock falls by up to 15%; otherwise, exposure to any share price decline
|
Initial share price: | $131.32
|
Trigger price: | $111.62, 85% of initial price
|
Pricing date: | Aug. 10
|
Settlement date: | Aug. 14
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90284T161
|
|
© 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.