Published on 4/21/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $15.71 million leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 21 - UBS AG, London Branch priced $15.71 million of 0% capped leveraged buffered notes due May 20, 2016 linked to the S&P 500 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 130% of the index return, subject to a maximum payout of $1,208.65 per $1,000 principal amount of notes. Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.
UBS Securities LLC is the underwriter.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $15,711,000
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Maturity: | May 20, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 130% of index return, capped at $1,208.65 per note; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5%
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Initial index level: | 1,864.85
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Pricing date: | April 17
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Settlement date: | April 25
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Underwriter: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KBP3
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