Published on 8/29/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.41 million capped leveraged buffered notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 29 – UBS AG, London Branch priced $4.41 million of 0% capped leveraged buffered notes due July 23, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.7 times any basket gain, up to a maximum settlement amount of $1,323 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
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Amount: | $4,412,000
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Maturity: | July 23, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 170% of any basket gain, return capped at 32.3%; par if the basket falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
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Initial levels: | 3,438.55 for Euro Stoxx, 7,401.46 for FTSE, 1,596.99 for Topix, 8,906.18 for Swiss Market, 5,743.861 for S&P/ASX
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Pricing date: | Aug. 25
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Settlement date: | Sept. 1
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90270KME6
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