New Issue: UBS prices $5.38 million buffered return optimization securities linked to gold

By Toni Weeks

San Diego, Nov. 28 - UBS AG, London Branch priced $5.38 million of buffered return optimization securities due Nov. 28, 2014 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any increase in the price of gold, up to a maximum return of 45%.

Investors will receive par if the gold spot price falls by up to 20% and will be exposed to losses beyond 20%.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying commodity:	Gold spot price
Amount:	$5,380,080
Maturity:	Nov. 28, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any increase in spot price of gold, up to maximum return of 45%; par for declines up to 20%; exposure to losses beyond 20%
Initial price:	$1,681.00
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	902669381

© 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.