Published on 9/30/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.63 million contingent-return optimization notes linked to Russell 2000
By Jennifer Chiou
New York, Sept. 30 – UBS AG, London Branch priced $3,634,750 of 0% contingent-return optimization securities due Sept. 29, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 42.39%.
Otherwise, investors will be fully exposed to losses from the initial index level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Contingent-return optimization securities
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Underlying index: | Russell 2000
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Amount: | $3,634,750
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Maturity: | Sept. 29, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above trigger level, par plus the greater of the 6% contingent return and any index gain, capped at 42.39%; otherwise, full exposure to losses
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Initial level: | 1,110.242
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Trigger level: | 832.682, 75% of initial level
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90273L559
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