Published on 8/1/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.45 million leveraged notes linked to index basket
By Angela McDaniels
Tacoma, Wash., Aug. 1 – UBS AG, London Branch priced $2.45 million of 0% leveraged notes due Aug. 1, 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.
If the basket return is positive, the payout at maturity will be par plus 209% of the basket return. If the basket return is negative, investors will have one-to-one exposure to the 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: | $2.45 million
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Maturity: | Aug. 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 209% of basket return; one-to-one exposure to decline if basket return is negative
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Initial index levels: | 3,467.73 for Euro Stoxx 50; 7,368.37 for FTSE 100; 1,621.22 for Topix; 9,019.31 for Swiss Market; 5,702.818 for S&P/ASX 200
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Pricing date: | July 28
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Settlement date: | Aug. 4
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Agent: | UBS Securities LLC
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Fees: | 2%
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Cusip: | 90270KLS6
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