By Toni Weeks
San Luis Obispo, Calif., Feb. 18 – UBS AG, London Branch priced $153,670 of European-style, cash-settled call warrants expiring Feb. 13, 2018 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 will be $139.70 per warrant, or 13.97% of the notional amount. The minimum purchase requirement is 72 warrants.
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 multiplied by the index return and (b) zero.
The index return must be greater than 13.97% 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.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Call warrants
|
| Amount: | $153,670
|
| Underlying index: | Euro Stoxx 50
|
| Warrants: | 1,100
|
| Notional amount: | $1,000 each
|
| Price: | $139.70 per warrant, 13.97% of notional amount
|
| Expiration date: | Feb. 13, 2018
|
| Cash settlement date: | Feb. 16, 2018
|
| Payout: | If index gains, warrants will be automatically exercised and investors will receive greater of (a) notional amount per warrant multiplied by index return and (b) zero; otherwise, warrants will expire worthless and investors will receive nothing
|
| Initial index level: | 3,447.59
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Agents: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | $6.50 per warrant
|
| Cusip: | 90274P161
|
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