New Issue: UBS prices $680,000 airbag return optimization securities linked to Energy Select fund

New York, March 26 – UBS AG, London Branch priced $680,000 of 0% airbag return optimization securities due April 3, 2018 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If Energy Select shares close at or above the initial price, the payout at maturity will be par plus 1.25 times any gain in the fund, capped at 36.64%.

If the shares decline but end above 85% of the initial price, the payout will par.

Otherwise, investors will receive a number of Energy Select shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.

UBS Financial Services Inc. and UBS Investment Bank is the agent.

Issuer:	UBS AG, London Branch
Issue:	Airbag return optimization securities
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$680,000
Maturity:	April 3, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any gain in Energy Select fund, capped at 36.64%; if shares decline but close at or above 85% of its initial price, the payout will par; otherwise, a number of Energy Select shares equal to $1,000 divided by conversion price
Initial share price:	$77.03
Conversion price:	$65.48, 85% of initial price
Pricing date:	March 26
Settlement date:	March 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90274Q235

© 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.