Published on 2/28/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $8.79 million trigger performance notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Feb. 28 - UBS AG, London Branch priced $8.79 million of 0% trigger performance securities due Feb. 28, 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 170% of the index return.
Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls more than 50%.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
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: | $8,788,260
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Maturity: | Feb. 28, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 170% of index return; par if index falls by up to 50%; full exposure to losses if index falls more than 50%
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Initial level: | 2,570.52
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Trigger level: | 1,285.26, 50% of initial level
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Pricing date: | Feb. 26
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Settlement date: | Feb. 28
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Agents: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 90271B439
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