New Issue: UBS prices $38.03 million of digital basket-linked notes on index basket

By William Gullotti

Buffalo, N.Y., May 9 – UBS AG, London Branch priced $38.03 million of digital basket-linked notes due May 2, 2024 linked a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

If the basket finishes flat or gains, the payout at maturity will be the greater of par plus the basket return and par plus the 29% threshold settlement.

Investors will be fully exposed to any basket decline.

UBS Securities LLC is the agent. Simon Markets LLC is acting as dealer.

Issuer:	UBS AG, London Branch
Issue:	Digital basket-linked notes
Underlying basket:	Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight), S&P/ASX 200 (8% weight)
Amount:	$38,029,000
Maturity:	May 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes flat or gains, greater of par plus the basket return and 29%; otherwise, full exposure to basket decline
Initial levels:	3,777.02 for Euro Stoxx, 1,899.62 for Topix, 7,509.19 for FTSE, 12,068.41 for Swiss Market, 7,356.886 for S&P/ASX
Pricing date:	April 28
Settlement date:	May 5
Agent:	UBS Securities LLC
Dealer:	Simon Markets LLC
Fees:	2%
Cusip:	90279D4E3

© 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.