Published on 5/21/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $130,000 trigger return optimization securities on Apple
New York, May 21 – UBS AG, London Branch priced $130,000 of trigger return optimization securities due May 29, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Apple stock closes at or above the initial price, the payout at maturity will be par plus two times any gain in common stock of Apple capped at 45.64%.
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: | Trigger return optimization securities
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Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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Amount: | $130,000
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Maturity: | May 29, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any gain in common stock of Apple, capped at 45.64%; otherwise, exposure to any losses
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Initial share price: | $131.39
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Pricing date: | May 21
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Settlement date: | May 27
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90273M284
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