New Issue: UBS prices $150,000 return optimization securities linked to SPDR S&P Bank

New York, May 26 – UBS AG, London Branch priced $150,000 of return optimization securities due May 31, 2018 linked to the SPDR S&P Bank 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 12.89%.

Investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities
Underlying ETF:	SPDR S&P Bank ETF
Amount:	$150,000
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any fund gain, capped at 12.89%; otherwise, exposure to any losses
Initial share price:	$42.24
Pricing date:	May 23
Settlement date:	May 26
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90278B804

© 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.