Published on 5/19/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $150,000 trigger return optimization securities linked to iShares Russell
By Wendy Van Sickle
Columbus, Ohio, May 19 – UBS AG, London Branch priced $150,000 of trigger return optimization securities due May 26, 2020 linked to theiShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If iShares Russell shares close at or above the initial price, the payout at maturity will be par plus two times any gain in shares of iShares Russell capped at 30.58%.
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 ETF: | iShares Russell 2000 ETF
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Amount: | $150,000
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Maturity: | May 26, 2020
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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 shares of iShares Russell, capped at 30.58%; otherwise, exposure to any losses
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Initial share price: | $135.38
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Pricing date: | May 18
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Settlement date: | May 23
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.38%
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Cusip: | 90278B341
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