Published on 11/27/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $610,000 return optimization notes linked to Russell 2000
By Jennifer Chiou
New York, Nov. 27 - UBS AG, London Branch priced $610,000 of 0% return optimization securities due Nov. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus triple the gain, capped at a maximum return of 25%.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying index: | Russell 2000
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Amount: | $610,000
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Maturity: | Nov. 30, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus triple the index gain, capped at 25%; otherwise, par plus return
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Initial index level: | 1,124.72
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90271R236
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