By Marisa Wong
Madison, Wis., July 1 – UBS AG, London Branch priced $6.14 million of 0% relative performance securities due June 28, 2019 linked to the Euro Stoxx 50 index and the NYSE US 5 Year Treasury Futures index, according to a 424B3 filing with the Securities and Exchange Commission.
The Euro Stoxx 50 is the “long index,” and the Treasury index is the “short index.” The relative return will be the long index return minus the short index return.
If the long index return is greater than or equal to the short index return, the payout at maturity will be par of $10 plus 156.5% of the relative return.
If the long index return is less than the short index return, the payout will be par plus the relative return, which will be negative.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Relative performance notes
|
| Underlying indexes: | Euro Stoxx 50 index (long index) and NYSE US 5 Year Treasury Futures index (short index)
|
| Amount: | $6,139,900
|
| Maturity: | June 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If long index return is greater than or equal to short index return, par plus 156.5% of amount by which long index outperforms short index; if long index return is less than short index return, par minus amount by which short index outperforms long index
|
| Initial index levels: | 3,233.19 for Euro Stoxx 50 and 163.44 for Treasury index
|
| Pricing date: | June 26
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc., UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90272X851
|
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