By Angela McDaniels
Tacoma, Wash., Dec. 24 – UBS AG, London Branch priced $3.03 million of 0% Performance Leveraged Upside Securities due June 24, 2016 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF’s return is positive, the payout at maturity will be par of $10 plus 200% of the ETF’s return, subject to a maximum return of 25.5%. Investors will be exposed to the losses if the ETF declines.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production
|
| Amount: | $3.03 million
|
| Maturity: | June 24, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at 25.5%; full exposure to any ETF decline
|
| Initial share price: | $28.64
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 24
|
| Agent: | UBS Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 90275L284
|
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