Published on 11/2/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $135.42 million leveraged notes linked to index basket
By Marisa Wong
Morgantown, W.Va., Nov. 2 – UBS AG, London Branch priced $135.42 million of 0% leveraged basket-linked notes due Nov. 5, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying 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 214% of any basket gain.
Investors will be fully exposed to any basket decline.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Leveraged notes
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Underlying basket: | Euro Stoxx 50 index (37%), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $135.42 million
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Maturity: | Nov. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 214% of any basket gain; full exposure to losses
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Initial index levels: | 3,673.95 for Stoxx, 7,493.08 for FTSE, 1,765.96 for Topix, 9,242.18 for Swiss Market, 5,909.017 for S&P/ASX
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Pricing date: | Oct. 31
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Settlement date: | Nov. 7
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Underwriter: | UBS Securities LLC
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Fees: | 2%
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Cusip: | 90270KNU9
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