Published on 11/1/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.06 million trigger performance notes linked to Euro Stoxx
By Susanna Moon
Chicago, Nov. 1 - UBS AG, London Branch priced $6.06 million of 0% trigger performance securities due Oct. 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140.77% of any gain in the index.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index falls below the 65% trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $6,062,500
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Maturity: | Oct. 30, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 140.77% of any index gain; par for losses up to 35%; fully exposure to losses if index drops below trigger level
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Initial level: | 2,478.8
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Trigger level: | 65% of initial level
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Pricing date: | Oct. 29
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Settlement date: | Oct. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90269V645
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