New Issue: UBS prices $395,000 trigger performance notes on Vanguard FTSE EM ETF

By Marisa Wong

Morgantown, W.Va., Oct. 21 – UBS AG, London Branch priced $395,000 of 0% trigger performance securities due Oct. 29, 2018 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 107.194561% of any fund gain.

Investors will receive par if the ETF falls by up to 15% and will be fully exposed to losses if the ETF finishes below the 85% trigger level.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	Vanguard FTSE Emerging Markets ETF
Amount:	$395,000
Maturity:	Oct. 29, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 107.194561% of any fund gain; par if fund falls by up to 15%; full exposure to any losses if fund falls by more than 15%
Initial price:	$35.40
Trigger price:	$30.09, 85% of initial level
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90275B641

© 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.