Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Market Vectors Gold Miners exchange-traded fund > News item |
UBS plans buffered return optimization notes linked to gold miners
By Susanna Moon
Chicago, May 17 - UBS AG, London Branch plans to price 0% buffered return optimization securities due May 30, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in the fund price, up to a maximum return of $12.60 to $13.00 per note. The exact cap will be set at pricing.
Investors will receive par if shares fall by up to 15% and will lose 1% for every 1% decline beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on May 25 and settle May 31.
The Cusip number is 90268U259.
© 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.