E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/1/2015 in the Prospect News Structured Products Daily.

New Issue: UBS prices $2.79 million buffered return optimization securities tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., June 1 – UBS AG, London Branch priced $2.79 million of 0% buffered return optimization securities due May 31, 2017 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 1.5 times any index gain, up to a maximum return of 21%.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

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

Issuer:UBS AG, London Branch
Issue:Buffered return optimization securities
Underlying index:Euro Stoxx 50 index
Amount:$2,788,280
Maturity:May 31, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.5 times any index gain, up to a maximum return of 21%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:3,682.87
Pricing date:May 27
Settlement date:May 29
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:2%
Cusip:90274T320

© 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.