Published on 1/29/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.94 million return optimization securities on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – UBS AG, London Branch priced $2.94 million of 0% trigger performance securities due Jan. 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 155% of any index gain.
If the index falls by up to the 75% trigger level, the payout will be par.
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
|
Issue: | Trigger performance securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,939,300
|
Maturity: | Jan. 29, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 155% of any index gain; par if index declines up to trigger level; full exposure to loss if index declines beyond trigger level
|
Initial level: | 3,043.47
|
Trigger level: | 2,282.60, 75% of initial level
|
Pricing date: | Jan. 27
|
Settlement date: | Jan. 29
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 3.5%
|
Cusip: | 90275L334
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.