New Issue: UBS prices $100,000 return optimization securities on Kinder Morgan

New York, April 25 – UBS AG, London Branch priced $100,000 of return optimization securities due April 28, 2023 linked to the common stock of Kinder Morgan, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Kinder Morgan stock closes at or above the initial price, the payout at maturity will be par plus four times any gain in common stock of Kinder Morgan capped at 387.97%.

Investors will share in any losses.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying stock:	Kinder Morgan, Inc. (NYSE: KMI)
Amount:	$100,000
Maturity:	April 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus four times any gain in common stock of Kinder Morgan, capped at 387.97%; otherwise, exposure to any losses
Initial share price:	$16.26
Pricing date:	April 25
Settlement date:	April 27
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90284E677

© 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.