Published on 5/22/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $140,000 trigger return optimization securities on iShares MSCI EM
New York, May 22 – UBS AG, London Branch priced $140,000 of trigger return optimization securities due May 30, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any gain in the ETF capped at 17.86%. Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $140,000
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Maturity: | May 30, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any gain in ETF, capped at 17.86%; otherwise, exposure to any losses
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Initial share price: | $42.74
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Pricing date: | May 22
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Settlement date: | May 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90273M318
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