Published on 5/29/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $11.01 million trigger autocallables linked to index basket
By Marisa Wong
Madison, Wis., May 29 – UBS AG, London Branch priced $11.01 million of 0% trigger autocallable optimization securities due May 31, 2017 linked to a basket of indexes, according to an a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the MSCI Emerging Markets index with a 20% weight, the Russell 2000 index with a 20% weight and the S&P 500 index with a 20% weight.
The notes will be called at par plus a call return of 6.5% per year if the basket closes at or above the initial level on any quarterly observation date.
The payout at maturity will be par unless the basket finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable optimization securities
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| Underlying indexes: | Euro Stoxx 50 index (40% weight) and MSCI Emerging Markets index, Russell 2000 index and S&P 500 index (20% weight each)
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| Amount: | $11,005,300
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| Maturity: | May 31, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless basket finishes below trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus 6.5% per year if the basket closes at or above the initial level on any quarterly observation date
|
| Initial levels: | 3,682.87 for Euro Stoxx, 1,019.09 for MSCI EM, 1,254.357 for Russell, 2,123.48 for S&P
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| Trigger level: | 80% of initial level
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| Pricing date: | May 27
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| Settlement date: | May 29
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90274T536
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