Published on 9/10/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $105,000 trigger return optimization securities linked to energy fund
By Angela McDaniels
Tacoma, Wash., Sept. 10 – UBS AG, London Branch priced $105,000 of 0% trigger return optimization securities due Sept. 17, 2019 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund’s shares finish above the initial price, the payout at maturity will be par plus two times the gain, subject to a maximum return of 74.24%. Investors will receive par if the fund declines by 25% or less and will share fully in the decline if it falls by more than 25%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying fund: | Energy Select Sector SPDR Fund
|
Amount: | $105,000
|
Maturity: | Sept. 17, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus two times any gain in fund, capped at 74.24%; par if fund finishes below initial price but at or above trigger level; otherwise, full exposure to fund’s decline
|
Initial share price: | $63.94
|
Trigger level: | $47.96, 75% of initial share price
|
Pricing date: | Sept. 10
|
Settlement date: | Sept. 15
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 3%
|
Cusip: | 90275A361
|
© 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.