Published on 12/3/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.59 million contingent absolute return notes on Euro Stoxx
By Marisa Wong
Madison, Wis., Dec. 3 – UBS AG, London Branch priced $3.59 million of 0% contingent absolute return performance securities due Nov. 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 139% of the index return.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 70% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Contingent absolute return performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,587,410
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Maturity: | Nov. 29, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 139% of index return; if index return is zero or negative and final index level is greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to index’s decline from initial level
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Initial index level: | 3,226.15
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Trigger level: | 2,258.31, 70% of initial level
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Pricing date: | Nov. 25
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Settlement date: | Nov. 28
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90274B790
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