E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Capped leveraged buffered notes
Underlying index:MSCI EAFE
Amount:$9,449,000
Maturity:July 30, 2015
Coupon:0%
Price:Par
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%
Initial index level:1,868.31
Pricing date:March 21
Settlement date:March 28
Underwriter:UBS Securities LLC
Fees:None
Cusip:90270KBJ7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.