Published on 4/1/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $12.05 million trigger autocallable optimization notes on Euro Stoxx 50
By Jennifer Chiou
New York, April 1 - UBS AG, London Branch priced $12,045,580 of 0% trigger autocallable optimization securities due March 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Beginning on April 7, 2015, the notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger level, 65.42% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $12,045,580
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par if index finishes at or above trigger level; otherwise, full exposure to index's decline
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Call: | Automatically at par plus 8% per year if index closes at or above initial level on any quarterly observation date beginning April 7, 2015
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Initial index level: | 3,133.75
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Trigger level: | 2,050.10.42% of initial level
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Pricing date: | March 27
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Settlement date: | March 31
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90272V426
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