Published on 11/30/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.77 million trigger performance notes linked to Euro Stoxx
By Toni Weeks
San Diego, Nov. 30 - UBS AG, London Branch priced $5.77 million of 0% trigger performance securities due Nov. 30, 2017 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 181.6% of any gain in the index.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index falls below the 50% 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: | $5,770,450
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Maturity: | Nov. 30, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 181.6% of any index gain; par for losses up to 50%; fully exposure to losses if index drops below trigger level
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Initial level: | 2,546.84
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Trigger level: | 1,273.42, 50% of initial level
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90269V793
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