By Angela McDaniels
Tacoma, Wash., Feb. 28 - UBS AG, London Branch priced $5.25 million of 0% buffered autocallable optimization securities due Feb. 29, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus a call return of 8.05% per year if the index closes at or above the initial index level on any quarterly observation date.
If the notes are not called and the final index level is at least 95% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the index declines beyond 5%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered autocallable optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5.25 million
|
| Maturity: | Feb. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is at least 95% of initial level, par; otherwise, 1% loss for each 1% that index declines beyond 5%
|
| Call: | Automatically at par plus 8.05% per year if index closes at or above initial level on any quarterly observation date
|
| Initial index level: | 3,148.19
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 28
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90272V111
|
© 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.
