Published on 6/19/2012 in the Prospect News Structured Products Daily.
New Issue: UBS sells $8.93 million market plus notes due 2013 linked to S&P 500
By Marisa Wong
Madison, Wis., June 19 - UBS AG, London Branch priced $8.93 million of 0% market plus notes due Dec. 18, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the barrier level - 80% of the initial level - investors will receive the greater of the index return and the 4% contingent minimum return.
Otherwise, investors will be exposed to any losses.
UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | UBS AG, London Branch
|
Issue: | Market plus notes
|
Underlying index: | S&P 500
|
Amount: | $8.93 million
|
Maturity: | Dec. 18, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above barrier level, par plus greater of index return and 4% contingent minimum return; otherwise, full exposure to losses
|
Initial level: | 1,342.84
|
Barrier level: | 1,074.27, 80% of initial level
|
Pricing date: | June 15
|
Settlement date: | June 20
|
Agents: | UBS Investment Bank with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
Fees: | 1.25%
|
Cusip: | 902674JG6
|
© 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.