New York, June 28 – UBS AG, London Branch priced $100,000 of 0% airbag return optimization securities due July 6, 2018 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF’s shares finish at or above the initial price, the payout at maturity will be par plus two times any gain in the shares, capped at 14.16%.
If the shares decline but end above 85% of the initial share price, the payout will par.
Otherwise, investors will receive lose 1.18% for every 1% that the shares decline beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag return optimization securities
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $100,000
|
| Maturity: | July 6, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any gain in ETF, capped at 14.16%; if ETF declines by 15% or less, par; otherwise 1.18% loss for every 1% that ETF declines beyond 15%
|
| Initial share price: | $203.22
|
| Pricing date: | June 28
|
| Settlement date: | July 1
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%Cusip: | 90276M711
|
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