New Issue: UBS sells $231,000 trigger performance securities linked to BP

By Marisa Wong

Morgantown, W.Va., March 26 – UBS AG, London Branch priced $231,000 of 0% trigger performance securities due March 23, 2023 linked to the American depositary shares of BP plc, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 327.202802% of any gain in the stock.

If the stock falls by up to 25%, the payout will be par.

Otherwise, investors will be fully exposed to any share price decline.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ADS:	BP plc
Amount:	$231,000
Maturity date:	March 23, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If stock gains, par plus 327.202802% of return; if stock falls by up to 25%, par; otherwise, full exposure to share price decline
Initial price:	$39.04
Trigger price:	$29.28, 75% of initial price
Pricing date:	March 20
Settlement date:	March 22
Agent:	UBS Securities LLC
Fees:	3.5%
Cusip:	90284A857

© 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.