New Issue: UBS prices $7.03 million contingent-return optimization notes on S&P 500

By Jennifer Chiou

New York, March 31 - UBS AG, London Branch priced $7,034,350 of 0% contingent-return optimization securities due Sept. 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 18.7%.

Otherwise, investors will be fully exposed to losses from the initial index level.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent-return optimization securities
Underlying index:	S&P 500
Amount:	$7,034,350
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus the greater of the 6% contingent return and any index gain, capped at 18.7%; otherwise, full exposure to losses
Initial level:	1,852.56
Trigger level:	1,482.05, 80% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.25%
Cusip:	90272V152

© 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.