Published on 3/19/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $151,000 return optimization securities on Financial Select Sector
New York, March 19 – UBS AG, London Branch priced $151,000 of return optimization securities due Sept. 24, 2019 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above the initial price, the payout at maturity will be par plus five times any ETF gain, capped at 16.65%.
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: | Financial Select Sector SPDR Fund
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| Amount: | $151,000
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| Maturity: | Sept. 24, 2019
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus five times any ETF gain, capped at 16.65%; otherwise, exposure to any losses
|
| Initial share price: | $28.66
|
| Pricing date: | March 19
|
| Settlement date: | March 21
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90284A725
|
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