Published on 12/9/2016 in the Prospect News Structured Products Daily.
New Issue: UBS sells $3.43 million capped leveraged buffered notes on index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – UBS AG, London Branch priced $3.43 million of 0% capped leveraged buffered notes due April 12, 2018 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 1.5 times any basket gain, up to maximum settlement amount of $1,210 for each $1,000 principal amount.
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 indexes: | 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
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Amount: | $3,425,000
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Maturity: | April 12, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any basket gain, capped at 21%; par if the basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial levels: | 3,142.24 for Euro Stoxx, 6,902.23 for FTSE, 1,490.62 for Topix, 7,930.25 for Swiss Market, 5,478.102 for S&P/ASX
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Pricing date: | Dec. 7
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Settlement date: | Dec. 14
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KHM4
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