Published on 8/15/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.32 million leveraged notes linked to basked of indexes
By Sarah Lizee
Olympia, Wash., Aug. 15 – UBS AG, London Branch priced $2.32 million of 0% leveraged notes due June 14, 2021 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% 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 110% of any basket gain.
If the basket remains flat or declines, the payout will be par.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (20% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $2.32 million
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Maturity: | June 14, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any basket gain; if basket remains flat or declines, par
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Initial levels: | 3,426.28 for Stoxx, 1,720.16 for Topix, 7,667.01 for FTSE, 9,031.33 for Swiss Market, 6,278.393 for S&P/ASX
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Pricing date: | Aug. 10
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Settlement date: | Aug. 17
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Agent: | UBS Securities LLC
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Fees: | 2.83%
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Cusip: | 90270KTF6
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