Published on 5/2/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.93 million trigger autocallables tied to Euro Stoxx 50
By Jennifer Chiou
New York, May 2 - UBS AG, London Branch priced $3,933,200 of 0% trigger autocallable optimization securities due April 30, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial level on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 9%.
If the notes are not called and the final index level is greater than or equal to 61.47% of the initial level, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,933,200
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Maturity: | April 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least 61.47% of initial level, par; otherwise, exposure to losses
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Initial level: | 2,683.43
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Trigger level: | 1,649.50, 61.47% of initial level
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Call option: | Par plus 9% per year if index closes at or above the initial level on any quarterly observation date beginning on May 1, 2014
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Pricing date: | April 26
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Settlement date: | April 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90271C221
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