Published on 1/3/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $10.84 million trigger performance securities on Euro Stoxx
By Jennifer Chiou
New York, Jan. 3 - UBS AG, London Branch priced $10,839,970 of 0% trigger performance securities due Dec. 29, 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 180% 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
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Amount: | $10,839,970
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Maturity: | Dec. 29, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 180% 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: | 2,659.95
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Trigger level: | 1,329.98, 50% of initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 31
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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: | 90269W700
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