Published on 3/31/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $16.03 million buffered return optimization securities on Euro Stoxx
By Marisa Wong
Madison, Wis., March 31 – UBS AG, London Branch priced $16.03 million of 0% buffered return optimization securities due March 31, 2017 to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 23.58%.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $16,025,600
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Maturity: | March 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 23.58%; par if index falls by up to 10%; exposure to losses beyond 10%
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Initial level: | 3,679.03
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Pricing date: | March 27
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Settlement date: | March 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90274P351
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