Published on 7/2/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.25 million return enhanced notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 2 - UBS AG, London Branch priced $1.25 million of 0% return enhanced notes due July 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.2 times any gain in the index.
Investors will be exposed to any losses.
UBS Investment Bank is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | UBS AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,245,000
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Maturity: | July 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.2 times any index gain; full exposure to losses
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Initial level: | 2,602.59
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Pricing date: | June 28
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Settlement date: | July 3
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Underwriter: | UBS Investment Bank, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
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Fees: | 3%
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Cusip: | 902674MU1
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