Published on 7/8/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.29 million return notes linked to nine stocks
By Angela McDaniels
Tacoma, Wash., July 8 – UBS AG, London Branch priced $1.29 million of 0% return notes due July 22, 2015 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Cabot Oil & Gas Corp., Continental Resources, Inc., Dow Chemical Co., Halliburton Co., LyondellBasell Industries NV, National Oilwell Varco, Inc., Pioneer Natural Resources Co., Schlumberger Ltd. and Weatherford International Ltd.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) 99.9%.
UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | UBS AG, London branch
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Issue: | Return notes
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Underlying stocks: | Cabot Oil & Gas Corp., Continental Resources, Inc., Dow Chemical Co., Halliburton Co., LyondellBasell Industries NV, National Oilwell Varco, Inc., Pioneer Natural Resources Co., Schlumberger Ltd. and Weatherford International Ltd., equally weighted
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Amount: | $1,288,000
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Maturity: | July 22, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | (a) $1,000 multiplied by (b) one plus basket return multiplied by (c) 99.9%
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Final basket level: | Average of basket’s closing levels on five trading days ending July 17, 2015
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Pricing date: | July 3
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Settlement date: | July 9
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Underwriter: | UBS Investment Bank
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 90270KCT4
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