Published on 2/4/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $9.56 million PLUS linked to Euro Stoxx 50 index
By Marisa Wong
Madison, Wis., Feb. 4 - UBS AG, London Branch priced $9.56 million of 0% Performance Leveraged Upside Securities due March 5, 2015 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 of $10 plus triple any index gain, up to a maximum return of 16%.
Investors will be exposed to any losses.
UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | UBS AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $9,559,870
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Maturity: | March 5, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 16%; exposure to any losses
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Initial level: | 3,013.96
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | UBS Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
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Fees: | 2%
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Cusip: | 90271T158
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