90% USD Capital Protected Note on Cotton No.2

Underlying: Cotton Future SSPA/EUSIPA Product Type: Capital Protection Certificate with Participation (1100) Valor: 28942064 / ISIN: CH0289420645

Last update 13.12.2017
  • Bid

    100.95 %
    Volume: 100'000

  • Ask

    101.95 %
    Volume: 100'000

Key figures

Strike absolute0.6464 USD
Capital protection90.00%
Participation75.00%
Days to expiry966
Settlementcash

Tax information Switzerland

Withholding taxNo
Swiss income taxYes
Stamp taxNo

Product calendar

Fixing date24.07.2015
Last trading date23.07.2020
Expiry06.08.2020

UBS Capital Protection Note

UBS Capital Protected Notes, or CPNs, have capital protection at maturity and at the same time offer the earning potential that can arise from the capital markets. To this end, CPNs (at least partly) participate in the price movements of selected underlying assets (e.g. index, equity basket or commodities and currencies). The structure offers uncapped participation in a possibly positive performance of the selected underlying asset. The pre-determined participation rate can vary. Depending on the product features, it can be proportional (either negative or positive) to the performance of the underlying asset. In general, higher capital protection is at the cost of the participation rate in price movements. Depending on the features, the capital protection at the end of the mostly several-year term is between 90 and 100 percent of the nominal amount.

With a capital protection of less than 100 percent, the nominal amount at maturity is not fully secured. A price increase of the underlying asset by maturity is needed to bridge the difference between the level of capital protection and 100 percent of the nominal amount and avoid losses at maturity.