New Issue: UBS prices $1.56 million buffer digital securities tied to SPDR S&P 500 ETF Trust

By William Gullotti

Buffalo, N.Y., June 30 – UBS AG, London Branch priced $1.56 million of 0% buffer digital securities due July 10, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its 80% threshold level, the payout at maturity will be par plus 8.2%.

Otherwise, investors will receive a number of shares per security equal to $10,000 divided by the ETF’s initial level.

UBS Securities LLC is the underwriter with J.P. Morgan Securities LLC acting as placement agent.

Issuer:	UBS AG, London Branch
Issue:	Buffer digital securities
Underlying fund:	SPDR S&P 500 ETF Trust
Amount:	$1.56 million
Maturity:	July 10, 2023
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If ETF finishes at or above threshold level, par plus 8.2%; otherwise, receive 33.3879 shares per security
Initial level:	$374.39
Threshold level:	$299.51; 80% of initial level
Strike date:	June 22
Pricing date:	June 24
Settlement date:	June 29
Underwriter:	UBS Securities LLC with J.P. Morgan Securities LLC as placement agent
Fees:	1%
Cusip:	90279FJX0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.