Published on 3/8/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1 million buffered return notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 8 - UBS AG, London Branch priced $1 million of 0% buffered return notes due March 13, 2014 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 plus the index return, subject to a maximum return of 19%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
UBS Investment Bank is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | March 13, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus lesser of index return and 19% if index return is positive; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
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Initial index level: | 2,683.02
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Pricing date: | March 5
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Settlement date: | March 8
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Underwriter: | UBS Investment Bank
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Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 0.8%
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Cusip: | 902674MG2
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