Published on 5/26/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $395,000 trigger autocallables linked to SPDR S&P Regional Banking
New York, May 26 – UBS AG, London Branch priced $395,000 of 0% trigger autocallable optimization securities due June 4, 2019 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 8.96% per year if the ETF shares close at or above the initial share price on any observation date, which occurs every quarter.
If the notes are not called and the ETF shares finish at or above the trigger price, 80% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying fund: | SPDR S&P Regional Banking ETF
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Amount: | $395,000
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Maturity: | June 4, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par if shares finish at or above trigger price; otherwise, full exposure to share price decline
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Call: | Automatically at par plus 8.96% per year if shares close at or above initial share price on any observation date, which occurs every quarter
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Initial share price: | $52.84
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Trigger price: | $42.27, 80% of initial price
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Pricing date: | May 26
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Settlement date: | June 1
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90278D818
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