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
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Issue: | Buffered return optimization securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,788,280
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Maturity: | May 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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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%
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Initial level: | 3,682.87
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Pricing date: | May 27
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Settlement date: | May 29
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90274T320
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