Published on 8/26/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $518,420 return optimization securities on iShares MSCI EM
New York, Aug. 26 – UBS AG, London Branch priced $518,420 of return optimization securities due Sept. 5, 2017 linked to the iShares MSCI Emerging Markets Index Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes at or above the initial price, the payout at maturity will be par plus three times any fund gain, capped at 14.65%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying ETF: | iShares Msci Emerging Markets Index Fund
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Amount: | $518,420
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Maturity: | Sept. 5, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus three times any fund gain, capped at 14.65%; otherwise, exposure to any losses
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Initial share price: | $36.76
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90279K472
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