Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $13.05 million capped leveraged buffered notes linked to index basket
By Marisa Wong
Madison, Wis., May 19 – UBS AG, London Branch priced $13.05 million of 0% capped leveraged buffered notes due Sept. 21, 2016 linked to a 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 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.4 times any basket gain, up to a maximum settlement amount of $1,134.40 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying basket: | Euro Stoxx 50 (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $13,048,000
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Maturity: | Sept. 21, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any basket gain, capped at 13.44%; par if basket falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial index levels: | 3,573.07 for Euro Stoxx, 6,960.49 for FTSE 100, 1,607.11 for Topix, 9,109.92 for Swiss Market and 5,735.495 for S&P/ASX 200
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Pricing date: | May 15
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Settlement date: | May 22
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KEU9
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