Published on 1/12/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $860,000 return optimization securities linked to Regional Banking ETF
New York, Jan. 12 – UBS AG, London Branch priced $860,000 of return optimization securities due Jan. 16, 2020 linked to the shares of SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above the initial price, the payout at maturity will be par plus five times any gain in the ETF, capped at 27%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying ETF: | SPDR S&P Regional Banking ETF
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Amount: | $860,000
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Maturity: | Jan. 16, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any ETF gain, capped at 27%; otherwise, exposure to any losses
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Initial share price: | $62.61
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Pricing date: | Jan. 12
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Settlement date: | Jan. 17
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90283N728
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