Published on 11/12/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4 million capped airbag gears due 2019 tied to MSCI EM ETF
By Sarah Lizee
Olympia, Wash., Nov. 12 – UBS AG London Branch priced $4 million of 0% capped airbag gears due Dec. 10, 2019 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 2 times the ETF return, subject to a maximum gain of 17.4%. Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
Issuer: | UBS AG London Branch
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Issue: | Capped airbag gears
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $4 million
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Maturity: | Dec. 10, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times ETF return, subject to a maximum gain of 17.4%; par if ETF falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial price: | $40.86
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Downside threshold: | $36.77, 90% of initial level
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Pricing date: | Nov. 6
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Settlement date: | Nov. 7
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Agents: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | 0.5%
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Cusip: | 90281B510
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