New Issue: UBS sells $16.86 million buffered basket-linked notes

By Wendy Van Sickle

Columbus, Ohio, May 18 – UBS AG, London Branch priced $16.86 million of 0% buffered notes due Nov. 30, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.

If the basket return is positive, the payout at maturity will be par plus the basket return.

If the basket declines by up to 20.98%, the payout at maturity will be par.

Otherwise, investors will lose 1.2655% for every 1% of basket decline beyond the buffer.

UBS Securities LLC is the agent. Goldman Sachs & Co. LLC is acting as a dealer.

Issuer:	UBS AG, London Branch
Issue:	Buffered notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
Amount:	$16,856,000
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus basket gain; if the basket declines up to 20.98%, par; otherwise, lose 1.2655% for every 1% decline beyond 20.98%
Initial levels:	3,703.42 for Euro Stoxx, 1,864.2 for Topix, 7,1418.15 for FTSE, 11,650.42 for Swiss Market, 7,075.112 for S&P/ASX 200
Buffer level:	79.02% of initial level
Pricing date:	May 13
Settlement date:	May 20
Agent:	UBS Securities LLC
Selected dealer:	Goldman Sachs & Co. LLC
Fees:	1.14%
Cusip:	90279FCP4

© 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.