Published on 7/26/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $115,000 contingent absolute return autocallable optimization securities linked to Vaneck Vectors
New York, July 26 – UBS AG, London Branch priced $115,000 of 0% contingent absolute return autocallable optimization securities due Aug. 2, 2018 linked to the Vaneck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 20.20% per year if Vaneck Vectors shares close at or above the initial share price on any observation date, which occurs every quarter.
If the notes are not called and Vaneck Vectors shares finish at or above the trigger price, 70% of the initial share price, the payout at maturity will be par plus the absolute value of the ETF return. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Contingent absolute return autocallable optimization securities
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Underlying ETF: | Vaneck Vectors Gold Miners ETF
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Amount: | $115,000
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Maturity: | Aug. 2, 2018
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of ETF return; otherwise, full exposure to share price decline
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Call: | Automatically at par plus 20.20% per year if Vaneck Vectors shares close at or above initial share price on any observation date, which occurs every quarter
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Initial share price: | $28.50
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Trigger price: | $19.95, 70% of initial price
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Pricing date: | July 26
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Settlement date: | July 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90278C331
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