Published on 12/30/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.94 million trigger performance notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Dec. 30 - UBS AG, London Branch priced $4.92 million of 0% trigger performance securities due Dec. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 133.06% of the index return. Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls by more than 40%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger performance securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $4,942,010
|
Maturity: | Dec. 31, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 133.06% of any index gain; par if index falls by up to 40%; full exposure to losses from initial level if index finishes below trigger level
|
Initial index level: | 3,111.37
|
Trigger level: | 1,866.82, or 60% of initial level
|
Pricing date: | Dec. 27
|
Settlement date: | Dec. 31
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 3.5%
|
Cusip: | 90271R582
|
© 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.