New Issue: UBS prices $2.89 million airbag in-digital securities linked to ETF, Russell, S&P

By William Gullotti

Buffalo, N.Y., April 4 – UBS AG, London Branch priced $2.89 million of 0% airbag in-digital securities due June 3, 2025 linked to the performance of the iShares Russell 1000 Growth ETF, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each underlier is greater than or equal to its digital barrier, 75% of its initial level, the payout at maturity will be par plus 9%.

Otherwise, investors will lose 1.3333% for every 1% that the worst performer declines below 25%.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Airbag in-digital securities
Underlying assets:	iShares Russell 1000 Growth ETF, Russell 2000 index, S&P 500 index
Amount:	$2,889,000
Maturity:	June 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each underlier is greater than or equal to the digital barrier, par plus 9%; otherwise, 1.3333% loss for every 1% that the worst performing underlier declines below 25%
Initial levels:	$337.92 for ETF, 2,114.349 for Russell, 5,248.49 for S&P
Digital barriers:	$253.44 for ETF, 1,585.762 for Russell, 3,936.37 for S&P; 75% of initial levels
Pricing date:	March 27
Settlement date:	April 2
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.06%
Cusip:	902674W48

© 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.