Published on 9/25/2015 in the Prospect News Structured Products Daily.
New Issue: UBS sells $150,000 performance securities tied to Consumer Staples SPDR
By Susanna Moon
Chicago, Sept. 25 – UBS AG, London Branch priced $150,000 of 0% performance securities due Oct. 2, 2020 linked to the Consumer Staples Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 178.390368% of any fund gain.
Investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Performance securities
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| Underlying fund: | Consumer Staples Select Sector SPDR fund
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| Amount: | $150,000
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| Maturity: | Oct. 2, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 178.390368% of any fund gain; exposure to any losses
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| Initial level: | $47.48
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.75%
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| Cusip: | 90275B153
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