By Marisa Wong
Morgantown, W.Va., Feb. 21 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due May 23, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus two times the gain, capped at 23.11%.
If the fund return is zero or negative but at least negative 15%, the payout will be par.
If the fund finishes below the 85% trigger level, investors will be fully exposed to the fund decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger return optimization securities
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $100,000
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| Maturity: | May 23, 2018
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus two times any fund gain, capped at 23.11%; par if fund falls by up to 15%; otherwise, full exposure to any fund decline
|
| Initial share price: | $39.52
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| Trigger price: | $33.59, 85% of initial price
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.75%
|
| Cusip: | 90277J386
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