Published on 11/10/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $212,000 trigger autocallables linked to Kinder Morgan
New York, Nov. 10 – UBS AG, London Branch priced $212,000 of 0% trigger autocallable optimization securities due Nov. 17, 2017 linked to the common stock of Kinder Morgan, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 19.57% per year if Kinder Morgan shares close at or above the initial share price on any observation date, which occurs every month.
If the notes are not called and Kinder Morgan shares finish at or above the trigger price, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger autocallable optimization securities
|
Underlying stock: | Kinder Morgan, Inc. (NYSE: KMI)
|
Amount: | $212,000
|
Maturity: | Nov. 17, 2017
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | Par if Kinder Morgan shares finish at or above trigger price; otherwise, full exposure to share price decline
|
Call: | Automatically at par plus 19.57% per year if Kinder Morgan shares close at or above initial share price on any observation date, which occurs every month
|
Initial share price: | $25.45
|
Trigger price: | $17.82, 70% of initial price
|
Pricing date: | Nov. 10
|
Settlement date: | Nov. 16
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1.25%
|
Cusip: | 90275E512
|
|
|
© 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.