Published on 9/2/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.55 million contingent absolute return notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 2 – UBS AG, London Branch priced $1.55 million of 0% contingent absolute return performance securities due Aug. 31, 2020 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 140% of any index gain.
If the index falls by up to the 75% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Contingent absolute return performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,547,000
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Maturity: | Aug. 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 140% of any index gain; if the index falls by up to the 75% trigger level, par plus the absolute value of the return; otherwise, full exposure to any losses
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Initial level: | 3,280.78
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Trigger price: | 75% of initial index level
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Pricing date: | Aug. 27
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Settlement date: | Aug. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90275C649
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