New Issue: UBS prices $5.02 million trigger step performance notes on Euro Stoxx

By Jennifer Chiou

New York, April 1 - UBS AG, London Branch priced $5,024,700 of 0% trigger step performance securities due March 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 27.97% step return and the index return.

Investors will receive par if the index falls by up to 20% and will be fully exposed to losses from the initial level if it falls more than 20%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$5,024,700
Maturity:	March 31, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 27.97%; par if index falls by 20% or less; full exposure to losses if index falls more than 20%
Initial level:	3,133.75
Trigger level:	2,507, 80% of initial level
Pricing date:	March 27
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90272V210

© 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.