New Issue: UBS prices $1.1 million capped buffer securities on stock basket

By Cady Vishniac

Detroit, Dec. 21 – UBS AG, London Branch priced $1.1 million of 0% capped buffer securities due Dec. 20, 2023 linked to an equally weighted basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks are Fifth Third Bancorp, PNC Financial Services Group, Inc. and Truist Financial Corp.

The payout at maturity will be par plus any basket gain, up to a maximum settlement amount of $1,470 per $1,000 of notes.

Investors will receive par if the basket falls by up to 15%. If the basket declines more than 15%, investors will lose 1% for every 1% that the basket declines beyond 15%.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer securities
Underlying stocks:	Fifth Third Bancorp (Symbol: FITB), PNC Financial Services Group, Inc. (Symbol: PNC) and Truist Financial Corp. (Symbol: TFC)
Amount:	$1.1 million
Maturity:	Dec. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at $1,470 per $1,000 of notes; par if basket falls by up to 15%; otherwise, 1% loss for every 1% that basket declines beyond 15%
Initial prices:	$27.09 for Fifth Third, $143.15 for PNC and $46.72 for Truist
Downside threshold:	85% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 18
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3.35%
Cusip:	90276BLV3

© 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.