By Toni Weeks
San Diego, Dec. 1 - UBS AG, London Branch priced $3 million of buffered return optimization securities with leveraged downside due Dec. 5, 2013 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 1.5 times any gain in the index, up to a maximum return of 33.75%.
Investors will receive par if the index falls by up to 30% and will lose 1.4286% for every 1% drop in the index beyond 30%.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered return optimization securities with leveraged downside
|
| Underlying index: | S&P 500
|
| Amount: | $3 million
|
| Maturity: | Dec. 5, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any gain in index, up to maximum return of 33.75%; par for declines up to 30%; 1.4286% loss for every 1% drop beyond 30%
|
| Initial level: | 1,246.96
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | None
|
| Cusip: | 90267T253
|
© 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.
