By Toni Weeks
San Luis Obispo, Calif., Aug. 5 – UBS AG, London Branch priced $1.01 million of call warrants expiring Aug. 1, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notional amount is $1,000 per warrant. The initial investment is $100.90 per warrant, or 10.09% of the notional amount.
The warrants will be automatically exercised on the expiration date if the index's final level is greater than the initial index level. The cash settlement amount will be the greater of (a) the notional amount per warrant multiplied by the index return and (b) zero.
The index return must be greater than 10.09% for investors to receive a positive return on their initial investments.
If the index's final level is equal to or less than the initial index level, the warrants will expire worthless and investors will lose their entire initial investments in the warrants.
UBS Securities LLC is the underwriter, and J.P. Morgan Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
|
| Issue: | Call warrants
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,013,237.80
|
| Expiration date: | Aug. 1, 2017
|
| Payment date: | Aug. 4, 2017
|
| Initial investment: | $100.90 per warrant
|
| Notional amount: | $1,000
|
| Payout: | If index's final level is greater than initial level, greater of (a) notional amount multiplied by index return and (b) zero; otherwise, zero
|
| Initial index level: | 3,072.57
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 6
|
| Underwriter: | UBS Securities LLC
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 90273E746
|
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