Published on 3/31/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.58 million contingent absolute return notes on Euro Stoxx
By Marisa Wong
Madison, Wis., March 31 – UBS AG, London Branch priced $5.58 million of 0% contingent absolute return performance securities due March 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus 132% of any index gain.
If the index finishes at or above the trigger level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
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: | $5,577,750
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Maturity: | March 31, 2020
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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 132% 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; otherwise, full exposure to index’s decline
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Initial index level: | 3,679.03
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Trigger level: | 2,759.27, 75% of initial index level
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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: | 3.5%
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Cusip: | 90274P385
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