New Issue: UBS sells $982,000 trigger performance securities on SPDR Dow ETF

By Sarah Lizee

Olympia, Wash., May 9 – UBS AG, London Branch priced $982,000 of 0% trigger performance securities due May 13, 2024 linked to the SPDR Dow Jones Industrial Average ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 140.667426% of any ETF gain.

If the ETF falls by up to the 60% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	SPDR Dow Jones Industrial Average ETF
Amount:	$982,000
Maturity date:	May 13, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 140.667426% of return; if fund falls but not below 60% trigger level, par; otherwise, full exposure to any losses
Initial level:	$259.66
Trigger level:	$155.80, 60% of initial level
Pricing date:	May 8
Settlement date:	May 10
Agent:	UBS Securities LLC and UBS Investment Bank
Fees:	3%
Cusip:	90287R451

© 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.