Published on 12/22/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $718,500 contingent absolute return autocallables linked to Blackstone
By Marisa Wong
Madison, Wis., Dec. 22 – UBS AG, London Branch priced $718,500 of 0% contingent absolute return autocallable optimization securities due Dec. 28, 2015 linked to Blackstone Group LP units, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 11.4% if Blackstone units close at or above the initial price on any quarterly observation date.
If the notes are not called and the final units price is greater than or equal to the trigger price, 80% of the initial price, the payout at maturity will be par plus the absolute value of the units return. Otherwise, investors will be fully exposed to the units decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Contingent absolute return autocallable optimization securities
|
Underlying stock: | Blackstone Group LP (Symbol: BX)
|
Amount: | $718,500
|
Maturity: | Dec. 28, 2015
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to losses
|
Call: | At par plus 11.4% per year if Blackstone stock closes at or above initial share price on any quarterly observation date
|
Initial price: | $34.34
|
Trigger price: | $27.47, 80% of initial share price
|
Pricing date: | Dec. 19
|
Settlement date: | Dec. 24
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1.5%
|
Cusip: | 90274F403
|
|
© 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.