New Issue: UBS prices $105,000 return optimization securities on Financial Select Sector fund

By Marisa Wong

Morgantown, W.Va., Jan. 5 – UBS AG, London Branch priced $105,000 of return optimization securities due Jan. 12, 2017 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above the initial price, the payout at maturity will be par plus two times any fund gain, capped at 14.73%.

Investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$105,000
Maturity:	Jan. 12, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any fund gain, capped at 14.73%; otherwise, exposure to any losses
Initial share price:	$23.46
Pricing date:	Jan. 5
Settlement date:	Jan. 8
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90275M670

© 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.