Published on 4/16/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $155,000 return optimization securities on Bank of America
New York, April 16 – UBS AG, London Branch priced $155,000 of return optimization securities due April 25, 2016 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Bank of America stock closes at or above the initial price, the payout at maturity will be par plus four times any gain in common stock of Bank of America capped at 13.72%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying stock: | Bank of America Corp. (NYSE: BAC)
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Amount: | $155,000
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Maturity: | April 25, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus four times any gain in common stock of Bank of America, capped at 13.72%; otherwise, exposure to any losses
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Initial share price: | $15.79
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Pricing date: | April 16
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Settlement date: | April 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90273B312
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