Published on 7/22/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.45 million return optimization securities linked to Gold Miners ETF
New York, July 22 – UBS AG, London Branch priced $1,449,000 of return optimization securities due July 31, 2017 linked to the shares of the Vaneck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes at or above the initial price, the payout at maturity will be par plus five times any fund gain, capped at 36.55%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying ETF: | Vaneck Vectors Gold Miners ETF
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Amount: | $1,449,000
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Maturity: | July 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any fund gain, capped at 36.55%; otherwise, exposure to any losses
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Initial share price: | $28.78
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Pricing date: | July 22
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Settlement date: | July 27
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90278C216
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