Published on 3/24/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 trigger return optimization securities on Apple
New York, March 24 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due March 31, 2020 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Apple stock closes at or above the initial price, the payout at maturity will be par plus 1.5 times any gain in common stock of Apple capped at 116.37%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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Amount: | $100,000
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Maturity: | March 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times any gain in common stock of Apple, capped at 116.37%; otherwise, exposure to any losses
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Initial share price: | $126.69
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Pricing date: | March 24
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Settlement date: | March 27
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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: | 90274G799
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