Published on 7/12/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.21 million capped leveraged buffered notes on indexes
New York, July 12 – UBS AG, London Branch priced $2.21 million of 0% capped leveraged buffered basket-linked notes due July 15, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying basket is made up 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 300% of any basket gain, up to a maximum settlement amount of $1,232.50 for each $1,000 principal amount of notes.
If the basket falls by up to 10%, the payout will be par. Investors 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 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: | $2,205,000
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Maturity: | July 15, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, up to a maximum return of par plus 23.25%; par for decline of up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial index levels: | 3,478.06 for Stoxx, 7,370.03 for FTSE, 1,615.48 for Topix, 8,943.84 for Swiss Market, 5,724.436 for S&P/ASX
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Pricing date: | July 10
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Settlement date: | July 17
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Underwriter: | UBS Securities LLC
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Fees: | 2%
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Cusip: | 90270KLB3
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