By Marisa Wong
Los Angeles, Sept. 14 – UBS AG, London Branch priced $273,000 of 0% trigger return optimization securities due Sept. 8, 2023 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above the initial price, the payout at maturity will be par plus 5 times the ETF gain, capped at par plus 69.07%.
If the ETF finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the ETF.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying ETF: | VanEck Vectors Gold Miners ETF
|
Amount: | $273,000
|
Maturity: | Sept. 8, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 5 times any ETF gain, capped at par plus 69.07%; par if the ETF finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
Initial share price: | $40.86
|
Trigger price: | $30.65, 75% of initial price
|
Pricing date: | Sept. 4
|
Settlement date: | Sept. 9
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2.5%
|
Cusip: | 90281T669
|
|
© 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.