Published on 12/21/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.94 million of capped leveraged buffer notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – UBS AG, London Branch priced $5.94 million of 0% leveraged buffered notes due July 24, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any index gain, up to a maximum settlement amount of $1,174.59 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $5,937,000
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Maturity: | July 24, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, capped at 17.459%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial level: | 2,681.47
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Threshold level: | 2,413.323, 90% of initial level
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Pricing date: | Dec. 19
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Settlement date: | Dec. 27
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Agent: | UBS Securities LLC
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Fees: | 0%
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Cusip: | 90270KPN3
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