By Kiku Steinfeld
Chicago, Dec. 17 – UBS AG, London Branch priced $10.01 million of 0% dual directional buffered participation securities due Dec. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will par of $10 plus the return of the index, subject to a maximum return of 16%.
If the index finishes flat or falls but by no more than the 10% buffer, the payout will be par plus the absolute value of the index return.
If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.
UBS Securities LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Dual directional buffered participation securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $10,005,080
|
| Maturity: | Dec. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, subject to a maximum gain of 16%; par plus absolute value of return if index finishes flat or falls by up to 10% of initial level; 1% loss for every 1% decline beyond 10%
|
| Initial level: | 3,120.46
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 20
|
| Agent: | UBS Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 90281E787
|
|
|
© 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.
