Published on 7/8/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $149,983 4.61% trigger yield optimization notes tied to SPDR Euro Stoxx 50 ETF
New York, July 8 – UBS AG, London Branch priced $149,983.61 of 4.61% trigger yield optimization notes due July 13, 2016 linked to the shares of SPDR Euro Stoxx 50 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $35.77, which is equal to the initial share price of the ETF’s stock.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than 80% of the initial share price, in which case investors will receive one fund share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | SPDR Euro Stoxx 50 ETF
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Amount: | $149,983.61
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Maturity: | July 13, 2016
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Coupon: | 4.61%, payable monthly
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Price: | Par of $35.77
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Payout at maturity: | If final share price is less than trigger price, one fund share; otherwise, par
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Initial share price: | $35.77
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Trigger price: | $28.62, 80% of initial price
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Pricing date: | July 8
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Settlement date: | July 13
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90274X644
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