Published on 6/30/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.63 million trigger return optimization notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 30 – UBS AG, London Branch priced $3.63 million of 0% trigger return optimization securities due June 30, 2017 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 1.5 times the index return, subject to a maximum return of 54.5%. If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $3,627,800
|
Maturity: | June 30, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 1.5 times index return, subject to maximum return of 54.5%; if index return is zero or negative and final index level is greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index’s decline
|
Initial index level: | 3,233.19
|
Trigger level: | 2,424.89, 75% of initial level
|
Pricing date: | June 26
|
Settlement date: | June 30
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2.5%
|
Cusip: | 90272X653
|
© 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.