By Susanna Moon
Chicago, May 30 - eUnits priced $20,402,529.60 of eUnits 2 Year U.S. Market Participation Trust II: Upside to Cap / Buffered Downside in a 497 filing with the Securities and Exchange Commission.
The trust seeks to provide investors purchasing units of beneficial interest in the initial public offering the opportunity to earn returns over the investment life of the trust based on the price performance of the S&P 500 Composite Stock Price index, the filing noted.
The fund sold 2,000,248 units at $10.20 each.
The trust expects to end its investment activities on May 21, 2014 and make a liquidating cash distribution to unitholders of the trust's net assets within seven business days.
The payout at maturity will be any index gain, up to a maximum return of 20.5%.
If the index falls by up to 15%, the trust seeks to return the initial net asset value of the units.
If the index falls by more than 15%, the trust seeks to outperform the index price change by 15% of initial index value.
Eaton Vance Distributors, Inc. is the underwriter.
| Issuer: | eUnits 2 Year U.S. Market Participation Trust: Upside to Cap / Buffered Downside
|
| Issue: | Units
|
| Underlying index: | S&P 500
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| Amount: | $20.4 million
|
| Maturity: | May 21, 2014
|
| Price: | $10.20
|
| Payout at termination: | Any index gain, capped at 20.5%; if index falls by up to 15%, the trust seeks to return the initial net asset value of the units; otherwise, the trust seeks to outperform the index price change by 15% of initial index value
|
| Pricing date: | May 29
|
| Settlement date: | May 31
|
| Underwriter: | Eaton Vance Distributors, Inc. |
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