Published on 3/30/2016 in the Prospect News Structured Products Daily.
New Issue: UBS sells $6.27 million return optimization notes tied to Russell 2000
By Devika Patel
Knoxville, Tenn., March 30 – UBS AG priced $6.27 million 0% return optimization securities due May 31, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a maximum return of 17.5%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG
|
| Issue: | Return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $6,265,370
|
| Maturity: | May 31, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain in the index, capped at 17.5%; exposure to any losses
|
| Initial level: | 1,080.23
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90275L805
|
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