Published on 12/29/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $300,000 trigger performance notes on SPDR Euro Stoxx 50 ETF
By Toni Weeks
San Luis Obispo, Calif., Dec. 29 – UBS AG, London Branch priced $300,000 of 0% trigger performance securities due Jan. 3, 2020 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 175.31% of any fund gain.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below the 80% trigger level.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger performance securities
|
Underlying ETF: | SPDR Euro Stoxx 50 ETF
|
Amount: | $300,000
|
Maturity: | Jan. 3, 2020
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 175.31% of any fund gain; par if fund falls by up to 20%; full exposure to any losses if fund finishes below trigger level
|
Initial level: | $38.07
|
Trigger level: | $30.46, 80% of initial level
|
Pricing date: | Dec. 26
|
Settlement date: | Dec. 31
|
Agents: | UBS Investment Bank and UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 90274H441
|
© 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.