Published on 4/5/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.05 million buffered return optimization notes on Russell
By Marisa Wong
Morgantown, W.Va., April 5 – UBS AG, London Branch priced $1.05 million of buffered return optimization securities due March 29, 2019 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 plus 1.5 times the gain, with the return capped at 35.75%.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying index: | Russell 2000
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Amount: | $1,047,000
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times index return, capped at 35.75%; par if index declines by up to 10%; exposure to losses beyond 10%
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Initial level: | 1,080.230
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Pricing date: | March 28
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Settlement date: | March 31
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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: | 90275R109
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