Published on 7/15/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $310,000 return notes linked to basket of 11 stocks
By Marisa Wong
Madison, Wis., July 15 – UBS AG, London Branch priced $310,000 of 0% return notes due July 29, 2015 linked to an equally weighted basket of stocks, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the common stocks of Cabot Oil & Gas Corp., Canadian Pacific Railway Ltd., Continental Resources, Inc., Dow Chemical Co., Halliburton Co., LyondellBasell Industries NV, National Oilwell Varco, Inc., Pioneer Natural Resources Co., Schlumberger Ltd., Union Pacific Corp. and Weatherford International Ltd.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) 99.5%.
The final basket level will be the average of the basket’s closing levels on the five trading days ending July 24, 2015.
UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | UBS AG, London branch
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| Issue: | Return notes
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| Underlying stocks: | Cabot Oil & Gas Corp., Canadian Pacific Railway Ltd., Continental Resources, Inc., Dow Chemical Co., Halliburton Co., LyondellBasell Industries NV, National Oilwell Varco, Inc., Pioneer Natural Resources Co., Schlumberger Ltd., Union Pacific Corp. and Weatherford International Ltd., equally weighted
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| Amount: | $310,000
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| Maturity: | July 29, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | (a) $1,000 multiplied by (b) one plus basket return multiplied by (c) 99.5%
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| Final basket level: | Average of basket’s closing levels on five trading days ending July 24, 2015
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| Pricing date: | July 11
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| Settlement date: | July 16
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| Underwriter: | UBS Investment Bank
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 90270KCU1
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