Published on 8/4/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $16.37 million of PLUS due 2015 linked to 17 stocks
By Jennifer Chiou
New York, Aug. 4 – UBS AG, London Branch priced $16,373,000 of 0% Performance Leveraged Upside Securities due Sept. 3, 2015 linked to a basket of 17 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Altisource Portfolio Solutions SA, SouFun Holdings Ltd. and Vipshop Holdings Ltd., each with a 10% weight, and AGCO Corp., Apple Inc., Baidu, Inc., Ctrip.com International, Ltd., Danaher Corp., Google Inc., Hewlett-Packard Co., International Business Machines Corp., LyondellBasell Industries NV, MasterCard Inc., Qihoo 360 Technology Co. Ltd., Rock-Tenn Co., Sony Corp. and Terex Corp., each with a 5% weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 13%.
Investors will be exposed to any losses.
UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC is the distributor.
| Issuer: | UBS AG, London Branch
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| Issue: | Performance Leveraged Upside Securities
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| Underlying stocks: | Altisource Portfolio Solutions SA, SouFun Holdings Ltd. and Vipshop Holdings Ltd., each with a 10% weight; AGCO Corp., Apple Inc., Baidu, Inc., Ctrip.com International, Ltd., Danaher Corp., Google Inc., Hewlett-Packard Co., International Business Machines Corp., LyondellBasell Industries NV, MasterCard Inc., Qihoo 360 Technology Co. Ltd., Rock-Tenn Co., Sony Corp. and Terex Corp., each with a 5% weight
|
| Amount: | $16,373,000
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| Maturity: | Sept. 3, 2015
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any basket gain, with return capped at 13%; full exposure to any losses
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | UBS Securities LLC with Morgan Stanley Smith Barney LLC as distributor
|
| Fees: | 2%
|
| Cusip: | 90273E639
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