By Toni Weeks
San Luis Obispo, Calif., Dec. 31 - UBS AG, London Branch priced $2.64 million of 0% relative performance notes due Dec. 31, 2018 linked to the Euro Stoxx 50 index and the NYSE US 5 Year Treasury Futures index, according to a 424B3 filing with the Securities and Exchange Commission.
The Euro Stoxx 50 is the "long index," and the 5Y Treasury Futures is the "short index." The relative return is the long index return minus the short index return.
If the long index return is greater than or equal to the short index return, the payout at maturity will be par plus 155.72% of the relative return.
If the long index return is less than the short index return, the payout will be par plus the relative return. Because the relative return will be negative in this case, investors will receive less than par.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Relative performance notes
|
| Underlying indexes: | Euro Stoxx 50 index (long index) and NYSE US 5 Year Treasury Futures index (short index)
|
| Amount: | $2,641,000
|
| Maturity: | Dec. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If long index return is greater than or equal to short index return, par plus 155.72% of amount by which long index outperforms short index; if long index return is less than short index return, par minus amount by which short index outperforms long index
|
| Initial index levels: | 3,111.37 for Euro Stoxx 50 and 160.91 for Treasury index
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc., UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90271R848
|
© 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.
