Published on 8/28/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.81 million trigger return optimization securities tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Aug. 28 – UBS AG, London Branch priced $5.81 million of 0% trigger return optimization securities due Aug. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 1.5 times the return, up to a maximum return of 58%.
If the index falls by up to the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,811,500
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Maturity: | Aug. 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 58%; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
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Initial level: | 3,194.45
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Trigger level: | 2,398.84, 75% of initial level
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Pricing date: | Aug. 27
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Settlement date: | Aug. 29
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Underwriters: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 90273E878
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