Published on 8/21/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.2 million leveraged buffered notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – UBS AG, London Branch priced $6.2 million of 0% leveraged buffered notes due Aug. 18, 2020 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 36% weight, the FTSE 100 index with a 20% weight, the Topix index with a 27% 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 193.69% of any basket gain.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% drop beyond 10%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Leveraged buffered notes
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Underlying basket: | Euro Stoxx 50 index (36% weight), FTSE 100 index (20% weight), Topix index (27% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $6,203,000
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Maturity: | Aug. 18, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 193.69% of any basket gain; par if basket declines by up to 10%; 1.1111% loss per 1% decline beyond 10%
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Initial levels: | 3,409.44 for Stoxx, 1,710.95 for FTSE, 7,611.64 for Topix, 9,010.19 for Swiss Market and 6,299.635 for S&P/ASX
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Pricing date: | Aug. 14
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Settlement date: | Aug. 21
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Agent: | UBS Securities LLC
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Fees: | 2%
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Cusip: | 90270KTD1
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