Published on 7/31/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $927,000 trigger performance notes linked to S&P 500
By Marisa Wong
Madison, Wis., July 31 – UBS AG, London Branch priced $927,000 of 0% trigger performance securities due July 31, 2024 linked to the S&P 500 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 129% of the index return. Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls by more than 50%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger performance securities
|
Underlying index: | S&P 500
|
Amount: | $927,000
|
Maturity: | July 31, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 129% of index return; par if index falls by up to 50%; full exposure to losses if index falls more than 50%
|
Initial index level: | 1,978.91
|
Trigger level: | 989.46, 50% of initial level
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 5%
|
Cusip: | 90273E332
|
|
|
© 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.