| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers U > Headlines for UBS AG, London Branch > News item |
UBS plans one-year capped index knock-out notes linked to S&P 500
By Marisa Wong
Madison, Wis., June 25 – UBS AG, London Branch plans to price 0% capped index knock-out notes due July 17, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 26.8% from the initial level during the life of the notes.
If a knock-out event does not occur, the payout at maturity is par plus the greater of the 10% contingent minimum return and the index return.
If a knock-out event occurs, the payout at maturity will be par plus the index return, with exposure to losses.
The maximum return in either case is expected to be at least 10% and will be set at pricing.
The notes (Cusip: 902674KU3) will price June 29 and settle July 5.
UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will be the placement agents.
© 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.