US Wrap: Single product gives slow end to week
Listed issuance in the US reduced to a single product on Friday January 23: a 100% principal protected Absolute Return Barrier note, linked to the performance of the S&P500 index and issued by UBS. The note has a two-year life and will settle on January 28.
Investors will receive the absolute return of the index provided that it never trades outside of a barrier, which will be around 40-43% in either direction, with the exact level determined at strike.
Issuer
Product type
Underlying
Pricing date
Maturity date
UBS AG
Straddle
S&P 500
January 22 2009
January 27 2011
Source: Future Value Consultants & SEC filings
For access to analysis of the US structured product market, visit www.structurededge.com
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