Published on 5/19/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $185,000 return optimization securities on Vaneck Vectors Oil
New York, May 19 – UBS AG, London Branch priced $185,000 of return optimization securities due May 29, 2018 linked to the Vaneck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes at or above the initial price, the payout at maturity will be par plus five times any fund gain, capped at 18.4%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Return optimization securities
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| Underlying ETF: | Vaneck Vectors Oil Services ETF
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| Amount: | $185,000
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| Maturity: | May 29, 2018
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus five times any fund gain, capped at 18.4%; otherwise, exposure to any losses
|
| Initial share price: | $27.99
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90278B614
|
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