Published on 12/15/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 trigger return optimization securities on Petrobras
New York, Dec. 15 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due Dec. 22, 2016 linked to the American Depositary Shares of Petroleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.
If Petrobras stock closes above the initial price, the payout at maturity will be par plus five times any gain in the price of Petrobras ADSs, capped at 79.65%.
Investors will receive par if the ADS price falls by up to 30% and will be fully exposed from the initial level if the price dips below the 70% trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying stock: | Petroleo Brasileiro SA (Symbol: PBR)
|
Amount: | $100,000
|
Maturity: | Dec. 22, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus five times any gain in Petrobras ADSs, capped at 79.65%; par if ADS price drops by up to 30%; full exposure to losses if price falls below trigger level
|
Initial share price: | $6.26
|
Trigger level: | $4.38, 70% of initial level
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 18
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90272U493
|
|
© 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.