Published on 7/6/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $36.6 million capped leveraged notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, July 6 – UBS AG, London Branch priced $36.6 million of 0% capped leveraged notes due July 5, 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 5 times any basket gain, up to a maximum settlement amount of $1,355 for each $1,000 principal amount.
Investors will receive will lose 1% for each 1% decline in the basket.
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 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
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Amount: | $36,596,000
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Maturity: | July 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 500% of any basket gain, return capped at 35.5%; 1% loss for every 1% decline in basket
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Initial levels: | 3,491.81 for Euro Stoxx, 7,377.09 for FTSE, 1,614.41 for Topix, 9,009.81 for Swiss Market, 5,684.486 for S&P/ASX
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Pricing date: | July 3
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Settlement date: | July 11
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Agent: | UBS Securities LLC
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Fees: | 1.73%
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Cusip: | 90270KKJ7
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