Published on 10/10/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.52 million capped trigger PLUS linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Oct. 10 – UBS AG, London Branch priced $5.52 million of 0% capped trigger Performance Leveraged Upside Securities due Oct. 5, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus five times the gain, capped at $17 per $10 note.
If the index return is zero or negative but the index finishes at or above the 75% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
UBS Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | UBS AG, London Branch
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Issue: | Capped trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $5,518,940
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Maturity: | Oct. 5, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any index gain, capped at $17 per $10 note; if index return is zero or negative but index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of the index from its initial level
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Initial level: | 3,594.85
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Trigger level: | 2,696.14, 75% of initial level
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agent: | UBS Securities LLC with distribution through Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 90280X216
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