Published on 3/25/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $9.45 million leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., March 25 - UBA AG, London Branch priced $9.45 million of 0% capped leveraged buffered notes due July 30, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 120% of the index return, subject to a maximum payout of $1,154.56 per $1,000 principal amount of notes. Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.
UBS Securities LLC is the underwriter.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $9,449,000
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Maturity: | July 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 120% of index return, capped at $1,154.56 per note; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5%
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Initial index level: | 1,868.31
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Pricing date: | March 21
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Settlement date: | March 28
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Underwriter: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KBJ7
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