Published on 3/2/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $10.26 million leveraged buffered notes on index basket
By Wendy Van Sickle
Columbus, Ohio, March 2 – UBS AG, London Branch priced $10.26 million of 0% leveraged buffered notes due July 29, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 153% of any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $10,258,000
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Maturity: | July 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.53 times any basket gain; par if the basket falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial levels: | 3,458.03 for Stoxx, 7,282.45 for FTSE, 1,790.34 for Topix, 8,992.52 for Swiss Market, 6,056.861 for S&P/ASX
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Pricing date: | Feb. 27
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Settlement date: | March 6
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Agent: | UBS Securities LLC
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Fees: | 2.1%
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Cusip: | 90270KQF9
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