Published on 10/2/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.72 million buffered digital notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Oct. 2 – UBS AG, London Branch priced $2.72 million of 0% buffered digital notes due Oct. 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 final basket return is zero or positive, the payout at maturity will be par plus the greater of the basket return and 13.25%.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Buffered digital 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: | $2,715,000
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Maturity: | Oct. 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 zero or positive, par plus greater of basket gain and 13.25%; par if the basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial levels: | 3,536.38 for Euro Stoxx, 7,285.74 for FTSE, 1,672.75 for Topix, 9,113.65 for Swiss Market, 5,670.983 for S&P/ASX
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Pricing date: | Sept. 26
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Settlement date: | Oct. 3
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Agent: | UBS Securities LLC
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Fees: | 2%
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Cusip: | 90270KMQ9
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