Published on 12/31/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $10.8 million trigger performance securities linked to Euro Stoxx 25
By Jennifer Chiou
New York, Dec. 31 - UBS AG, London Branch priced $10,804,790 of 0% trigger performance securities due Dec. 31, 2018 linked to the Euro Stoxx 25 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 166.51% of the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 25
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Amount: | $10,804,790
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Maturity: | Dec. 31, 2018
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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 166.51% of index return; par if index falls by up to 25%; full exposure to losses if index falls more than 25%
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Initial index level: | 3,111.37
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Trigger level: | 2,333.53, 75% of initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 31
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90271R590
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