By Marisa Wong
Madison, Wis., April 15 - UBS AG, London Branch priced $6.5 million of 0% airbag performance notes due April 17, 2023 linked to the UBS Bloomberg Constant Maturity Commodity Index (CMCI) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's return is positive, the payout at maturity will be par plus the index gain.
If the index's return is zero or negative but is greater than or equal to the threshold percentage, the payout will be par. The threshold percentage is negative 29%.
If the final level is less than the threshold percentage, investors will lose 1.4085% for every 1% that the index declines beyond 29%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag performance securities
|
| Underlying index: | UBS Bloomberg Constant Maturity Commodity Index (CMCI) Excess Return
|
| Amount: | $6.5 million
|
| Maturity: | April 17, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index's return is positive, par plus gain; if index's return is zero or negative but greater than or equal to negative 29%, par; otherwise 1.4085% loss for every 1% that index declines beyond 29%
|
| Initial index level: | 1,167.152
|
| Pricing date: | April 12
|
| Settlement date: | April 17
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 5%
|
| Cusip: | 90271C148
|
© 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.
