New Issue: UBS sells $1 million call warrants due 2025 linked to Stoxx

By Sarah Lizee

Olympia, Wash., June 4 – UBS AG, London Branch priced $1 million of call warrants expiring May 22, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial investment is $10,000 per warrant, or 10.75% of the $93,023.26 notional amount.

The warrants will be automatically exercised on the expiration date if the index’s final level is greater than the initial index level, and the cash settlement amount will be the notional amount multiplied by the index return, subject to a minimum of zero. The index return must be greater than 10.75% for investors to receive a positive return on their initial investments.

If the final level is less than or equal to the initial level, the warrants will expire worthless and the cash settlement amount will be zero.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Call warrants
Underlying index:	Euro Stoxx 50 index
Warrants:	100
Notional amount:	$93,023.26 per warrant
Price:	$10,000 per warrant, or $1 million total
Expiration date:	May 22, 2025
Cash settlement date:	May 27, 2025
Payout:	If final index level is greater than initial index level, $93,023.26 multiplied by index return, subject to minimum of zero; if final level is less than or equal to initial level, nothing
Initial index level:	2,905.47
Pricing date:	May 22
Settlement date:	May 26
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	$500 per warrant
Cusip:	90281J836

© 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.