New Issue: UBS prices $2.24 million trigger digital securities tied to S&P

By William Gullotti

Buffalo, N.Y., Oct. 19 – UBS AG, London Branch priced $2.24 million of 0% trigger digital securities due Nov. 2, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 7.35% unless the index finishes below the 85% downside threshold, in which case investors will be fully exposed to any losses.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital securities
Underlying index:	S&P 500 index
Amount:	$2.24 million
Maturity:	Nov. 2, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.35% unless index finishes below 85% downside threshold, in which case full exposure to any losses
Initial level price:	4,471.37
Downside threshold:	3,800.66; 85% of initial level
Pricing date:	Oct. 15
Settlement date:	Oct. 20
Agent:	UBS Securities LLC and UBS Investment Bank
Fees:	1%
Cusip:	90279DLS3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.