Published on 9/10/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 trigger return optimization securities linked to WisdomTree Europe
By Angela McDaniels
Tacoma, Wash., Sept. 10 – UBS AG, London Branch priced $100,000 of 0% trigger return optimization securities due Sept. 17, 2018 linked to the WisdomTree Europe Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If WisdomTree Europe shares finish above the initial price, the payout at maturity will be par plus two times the gain, subject to a maximum return of 34.3%. Investors will receive par if the fund declines by 25% or less and will share fully in the decline if it falls by more than 25%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger return optimization securities
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| Underlying fund: | WisdomTree Europe Hedged Equity Fund
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| Amount: | $100,000
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| Maturity: | Sept. 17, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus two times any gain in fund, capped at 34.3%; par if fund finishes below initial price but at or above trigger level; otherwise, full exposure to fund’s decline
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| Initial share price: | $56.94
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| Trigger level: | $42.71, 75% of initial share price
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| Pricing date: | Sept. 10
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| Settlement date: | Sept. 15
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90275A379
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