Published on 10/25/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $8.25 million leveraged notes tied to S&P 500
By Susanna Moon
Chicago, Oct. 25 – UBS AG, London Branch priced $8.25 million of 0% leveraged notes due Oct. 7, 2020 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 triple any index gain, up to a maximum settlement amount of $1,279.60 for each $1,000 principal amount.
Investors will be exposed to any losses.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
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| Issue: | Leveraged notes
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| Underlying index: | S&P 500
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| Amount: | $8,254,000
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| Maturity: | Oct. 7, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 27.96%; 1% loss for each 1% decline
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| Initial level: | 2,785.68
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 17
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| Agent: | UBS Securities LLC
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| Fees: | None
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| Cusip: | 90270KUQ0
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