Published on 5/29/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.17 million return optimization securities on Russell 2000
By Jennifer Chiou
New York, May 29 - UBS AG, London Branch priced $6,171,470 of 0% return optimization securities due June 30, 2015 linked to the Russell 2000 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 of $10 plus triple the gain, capped at a return of 13.91%.
Investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying index: | Russell 2000
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Amount: | $6,171,470
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Maturity: | June 30, 2015
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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, subject to a maximum return of 13.91%, full exposure to losses
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Initial level: | 1,142.201
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Pricing date: | May 27
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Settlement date: | May 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: | 90272X471
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