Published on 8/29/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.96 million trigger performance securities on Euro Stoxx 50
By Jennifer Chiou
New York, Aug. 29 – UBS AG, London Branch priced $2,961,860 of 0% trigger performance securities due Aug. 30, 2019 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 of $10 plus 155% of any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,961,860
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 155% of any index gain; par if index falls by up to 40%; full exposure to any losses if index finishes below trigger level
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Initial level: | 3,194.45
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Trigger level: | 60% of initial level
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Pricing date: | Aug. 27
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Settlement date: | Aug. 29
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Agents: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 90273E845
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