New Issue: UBS sells $1.84 million trigger gears on Vanguard FTSE Emerging Markets

By Marisa Wong

Morgantown, W.Va., May 1 – UBS AG, London Branch priced $1.84 million of 0% trigger gears due April 28, 2023 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.185 times any ETF gain.

Investors will receive par if the ETF falls by up to 25% and will be fully exposed to any losses if the ETF finishes below the 75% downside threshold level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying ETF:	Vanguard FTSE Emerging Markets ETF
Amount:	$1,842,500
Maturity:	April 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.185 times any ETF gain; par if ETF falls by up to 25%; full exposure to any losses if ETF finishes below downside threshold
Initial value:	$45.28
Downside threshold:	$33.96, 75% of initial value
Pricing date:	April 25
Settlement date:	April 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90280Y842

© 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.