Kiku Steinfeld
Chicago, April 6 – UBS AG, London Branch priced $2.35 million of 0% trigger securities due Oct. 1, 2026 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 100% of any ETF gain.
If the ETF finishes below the initial level but at or above its trigger level, 71.438216% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | SPDR S&P 500 ETF trust
|
| Amount: | $2.35 million
|
| Maturity date: | Oct. 1, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 100% of any ETF gain; if ETF finishes below initial level but at or above trigger level, par; otherwise, full exposure to losses
|
| Initial level: | $442.64
|
| Trigger level: | $316.21, 71.438216% of its initial level
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 29
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3%
|
| Cusip: | 90301C191
|
|
|
© 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.
