New Issue: JPMorgan sells $3 million trigger digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – UBS AG, London Branch priced $3 million of 0% trigger digital notes due Aug. 12, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 23.75%.

If the index falls by up to the 25%, the payout will be par.

If the index finishes below the 75% downside threshold, investors will be fully exposed to any losses.

UBS Financial Services Inc. is the agent.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Aug. 12, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 23.75%; if index falls by up to the 25%, par; otherwise, full exposure to any losses
Initial level:	2,706.05
Downside threshold:	2,029.54, 75% of initial level
Pricing date:	Feb. 7
Settlement date:	Feb. 12
Agents:	UBS Financial Services Inc.
Fees:	0.1%
Cusip:	90281C252

© 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.