Published on 10/24/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $150,000 return optimization securities on financial ETF
New York, Oct. 24 – UBS AG, London Branch priced $150,000 of return optimization securities due Oct. 31, 2017 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the shares close at or above the initial price, the payout at maturity will be par plus two times any gain in the fund capped at 15.64%.
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 ETF: | The Financial Select Sector SPDR Fund
|
| Amount: | $150,000
|
| Maturity: | Oct. 31, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times any gain in | shares, capped at 15.64%; otherwise, exposure to any losses
|
| Initial share price: | $19.71
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 27
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90280F587
|
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