Published on 7/24/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $10.61 million leveraged buffered notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., July 24 – UBS AG, London Branch priced $10.61 million of 0% capped leveraged buffered notes due Aug. 23, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 45%. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that it may decline beyond 12.5%.
UBS Securities LLC is the underwriter.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $10,609,000
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Maturity date: | Aug. 23, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return, subject to 45% maximum return; par if index declines by 12.5% or less; 1.1429% loss for every 1% that index may decline beyond 12.5%
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Initial index level: | 3,499.49
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Pricing date: | July 20
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Settlement date: | July 27
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Underwriter: | UBS Securities LLC
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Fees: | 2%
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Cusip: | 90270KLH0
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