Published on 5/4/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.71 million return optimization securities on MSCI EAFE
By Marisa Wong
Madison, Wis., May 4 – UBS AG, London Branch priced $1.71 million of 0% return optimization securities due May 31, 2016 to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 13.5%.
Investors will be fully exposed to losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying index: | MSCI EAFE index
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Amount: | $1,707,500
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Maturity: | May 31, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, up to a maximum return of 13.5%; full exposure to losses
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Initial level: | 1,945.58
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Pricing date: | April 28
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Settlement date: | April 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90274P757
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