By Sarah Lizee
Olympia, Wash., June 6 – UBS AG London Branch priced $2.5 million of 0% capped buffered dual directional notes with downside leverage factor due June 26, 2020 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 any index gain, capped at par plus 5%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the index return.
Investors will lose 1.1765% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG London Branch
|
| Issue: | Capped buffered dual directional notes with downside leverage factor
|
| Underlying index: | S&P 500 index
|
| Amount: | $2.5 million
|
| Maturity: | June 26, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any index gain, capped at par plus 5%; if index falls by up to 15%, par plus the absolute value of the index return; 1.1765% loss for every 1% decline beyond 15%
|
| Initial level: | 2,744.45
|
| Pricing date: | June 3
|
| Settlement date: | June 6
|
| Agent: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90270KZZ5
|
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