Published on 12/5/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.39 million trigger gears linked to Bloomberg Commodity
By Marisa Wong
Morgantown, W.Va., Dec. 5 – UBS AG, London Branch priced $2.39 million of 0% trigger gears due Nov. 27, 2024 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below its 70% downside threshold.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger gears
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Underlying index: | Bloomberg Commodity Index 3 Month Forward
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Amount: | $2,386,000
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Maturity: | Nov. 27, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus 1.5 times index gain; par if the index falls by up to 30%; full exposure to any losses if the index finishes below its downside threshold
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Initial index level: | 205.4573
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Downside threshold: | 143.8201, 70% of initial level
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90280X737
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