Published on 11/19/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.55 million PLUS linked to WisdomTree Japan Hedged Equity
By Marisa Wong
Morgantown, W.Va., Nov. 19 – UBS AG, London Branch priced $3.55 million of 0% Performance Leveraged Upside Securities due Feb. 16, 2017 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund’s return is positive, the payout at maturity will be par of $10 plus 300% of the fund’s return, subject to a maximum return of 19.2%. Investors will be fully exposed to losses if the fund declines.
UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | UBS AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | WisdomTree Japan Hedged Equity Fund
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Amount: | $3,545,250
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Maturity: | Feb. 16, 2017
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of the fund’s return, subject to a maximum return of 19.2%; full exposure to losses
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Initial share price: | $54.38
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Pricing date: | Nov. 13
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Settlement date: | Nov. 18
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Agent: | UBS Securities LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 2.25%
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Cusip: | 90275G640
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