By Toni Weeks
San Luis Obispo, Calif., June 25 – UBS AG, London Branch priced $5.8 million of 0% trigger return optimization securities due June 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 37%.
If the index falls by up to the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending June 25, 2018.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger return optimization securities
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| Underlying index: | Russell 2000
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| Amount: | $5.8 million
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| Maturity: | June 29, 2018
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 37%; if index return is zero or negative but index finishes at or above trigger level, par; otherwise, full exposure to any losses
|
| Initial index level: | 1,295.799
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| Trigger level: | 971.849, 75% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 30
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90275C144
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