Published on 7/14/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $130,000 trigger performance notes tied to SPDR Euro Stoxx
By Marisa Wong
Morgantown, W.Va., July 14 – UBS AG, London Branch priced $130,000 of 0% trigger performance securities due July 8, 2022 linked to the SPDR 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 136.572744% of any ETF gain.
If the ETF finishes flat or falls by up to 20%, 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: | SPDR Euro Stoxx 50
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Amount: | $130,000
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Maturity date: | July 8, 2022
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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 136.572744% of return; if fund finishes flat or falls but not below trigger level, par; otherwise, full exposure to any losses
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Initial level: | $38.47
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Trigger level: | $30.78, 80% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | UBS Securities LLC
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Fees: | 3.5%
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Cusip: | 90278G142
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