Published on 6/23/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $300,000 trigger performance securities on SPDR S&P 500 ETF
By Wendy Van Sickle
Columbus, Ohio, June 23 – UBS AG, London Branch priced $300,000 of 0% trigger performance securities due June 30, 2022 linked to the SPDR S&P 500 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 121.140492% of any ETF gain.
If the ETF falls by up to the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger performance securities
|
Underlying ETF: | SPDR S&P 500
|
Amount: | $300,000
|
Maturity date: | June 30, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If fund gains, par plus 121.140492% of return; if fund falls but not below 70% trigger level, par; otherwise, full exposure to any losses
|
Initial level: | $243.13
|
Trigger level: | $170.19, 70% of initial level
|
Pricing date: | June 23
|
Settlement date: | June 28
|
Agent: | UBS Securities LLC
|
Fees: | 3.5%
|
Cusip: | 90278H538
|
|
© 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.