Published on 1/30/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $905,000 of capped leveraged notes due 2019 on index basket
By Devika Patel
Knoxville, Tenn., Jan. 30 – UBS AG, London Branch priced $905,000 of 0% capped leveraged notes due Jan. 9, 2019 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 triple any basket gain, up to maximum settlement amount of $1,495 for each $1,000 of notes.
Investors will receive par if the basket finishes at its initial level and will lose 1% for every 1% decline.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $905,000
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Maturity: | Jan. 9, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any basket gain, up to maximum settlement amount of $1,495 for each $1,000 of notes; par if basket finishes at initial level; 1% loss for every 1% decline
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Initial levels: | 3,326.15 for Euro Stoxx 50, 7,164.43 for FTSE 100, 1,521.58 for Topix, 8,387.55 for Swiss Market, 5,671.514 for S&P/ASX 200
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Pricing date: | Jan. 25
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Settlement date: | Feb. 1
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KHZ5
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