By Marisa Wong
Madison, Wis., May 30 - UBS AG, London Branch priced $3.11 million of 0% trigger performance securities due May 31, 2018 linked to the Vanguard FTSE Emerging Markets 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 of $10 plus 117.52% of the fund return.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if the fund falls by more than 25%.
UBS Financial Services Inc. and UBS Investment Bank will act as agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $3,114,520
|
| Maturity: | May 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 117.52% of any fund gain; par for losses up to 25%; full exposure to losses if fund drops below trigger price
|
| Initial price: | $43.05
|
| Trigger price: | $32.29, 75% of initial level
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90271C361
|
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