Published on 5/18/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.38 million digital notes linked to index basket
By Marisa Wong
Morgantown, W.Va., May 18 – UBS AG, London Branch priced $4.38 million of 0% digital notes due Aug. 5, 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.
If the final basket return is zero or positive, the payout at maturity will be par plus the greater of the basket return and 34%.
Investors will receive par if the basket falls.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Digital notes
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Underlying indexes: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
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Amount: | $4,375,000
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Maturity: | Aug. 5, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is zero or positive, par plus greater of basket gain and 34%; par if basket falls
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Initial levels: | 3,564.29 for Euro Stoxx, 7,722.98 for FTSE, 1,805.15 for Topix, 8,994.22 for Swiss Market, 6,097.819 for S&P/ASX
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Pricing date: | May 15
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Settlement date: | May 22
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Agent: | UBS Securities LLC
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Fees: | 2.27%
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Cusip: | 90270KRU5
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