Published on 4/16/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.33 million of capped leveraged notes tied to index basket
By Susanna Moon
Chicago, April 16 – UBS AG, London Branch priced $5.33 million of 0% capped leveraged notes due Oct. 9, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,435 for each $1,000 principal amount.
Investors will be exposed to any losses.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged notes
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Underlying basket: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Tokyo Stock Price (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $5,326,000
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Maturity: | Oct. 9, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at 43.5%; 1% loss per 1% decline
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Initial levels: | 3,408.10 for Stoxx, 7,183.64 for FTSE, 1,719.30 for Topix, 8,671.04 for Swiss Market and 5,788.739 for S&P/ASX
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Pricing date: | April 6
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Settlement date: | April 13
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Agent: | UBS Securities LLC
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Fees: | 1.53%
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Cusip: | 90270KQV4
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