Published on 3/21/2016 in the Prospect News Structured Products Daily.
New Issue: UBS sells $100,000 trigger performance securities on Euro Stoxx 50 ETF
By Wendy Van Sickle
Columbus, Ohio, March 21 – UBS AG, London Branch priced $100,000 of 0% trigger performance securities due March 30, 2020 linked to the Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any ETF gain.
If the ETF falls by up to the 77.346626% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying ETF: | Euro Stoxx 50
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Amount: | $100,000
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Maturity date: | March 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund gains, par plus 200% of return; if fund falls but not below 77.346626% trigger level, par; otherwise, full exposure to any losses
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Initial level: | $33.51
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Trigger level: | $25.92, 77.346626% of initial level
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Pricing date: | March 21
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Settlement date: | March 24
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Agent: | UBS Securities LLC
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Fees: | 3%
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Cusip: | 90275P459
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