Published on 2/27/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $11 million trigger autocallables linked to index basket
By Toni Weeks
San Luis Obispo, Calif., Feb. 27 – UBS AG, London Branch priced $11 million of 0% trigger autocallable optimization securities due Feb. 28, 2017 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket indexes are the Euro Stoxx 50 index with a 40% weight, MSCI Emerging Markets index with a 20% weight, Russell 2000 index with a 20% weight and S&P 500 index with a 20% weight.
The notes will be called at par plus a call return of 6.8% per year if the basket closes at or above the initial level on any quarterly observation date.
If the notes are not called and the basket finishes at or above the trigger level, 80% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying basket: | Euro Stoxx 50 index (40% weight), MSCI Emerging Markets index (20% weight), Russell 2000 index (20% weight) and S&P 500 index (20% weight)
|
| Amount: | $10,996,310
|
| Maturity: | Feb. 28, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par if basket finishes at or above trigger level; otherwise, full exposure to any losses
|
| Call: | At par plus 6.8% per year if basket closes at or above initial level on any quarterly observation date
|
| Initial basket level: | 100
|
| Initial index levels: | 3,541.78 for Euro Stoxx, 992.8 for MSCI EM, 1,235.101 for Russell, 2,113.86 for S&P
|
| Trigger level: | 80% of initial basket level
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 27
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90274P328
|
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