Source - RNS
RNS Number : 8767J
UBS AG
14 September 2016
 

    14 September 2016

UBS AG, Jersey Branch (the ''Issuer'')

                                               

Notice of Interest Amount

UBS AG, Jersey Branch €22,500,000 Leveraged Notes - eLevate Series 2005-1 linked to the credit of each of a portfolio of Reference Obligations (ISIN: XS0238561822) (the "Notes")

Notice is hereby given to Noteholders of the receipt by the Issuer of a Notice of Interest Amount in respect of the Notes, a conformed copy of which is annexed hereto.    

For and on behalf of

UBS AG, Jersey Branch

24 Union Street

St. Helier JE2 3RF

Tel: +44 1534 701 000

Fax: +44 1534 701 199 

 



CONFORMED COPY

To:        The holders of the Notes

To:        UBS AG, Jersey Branch

24 Union Street

St. Helier JE2 3RF

Tel:       +44 1534 701 000

Fax:      +44 1534 701 199

Email:   [email protected]

Email:   [email protected]

 

The Bank of New York Mellon as Agent 

Merck House

Seldown

Poole BH15 1PX

Attn: John Patten

Tel:       +1 202 689 836

Fax:      +44 1202 689682

Group Email: [email protected]

Group Email: [email protected]

 

UBS AG, London Branch as Calculation Agent

100 Liverpool Street

London EC2M 2RH

Attn:     Securitised Derivatives Calculation Agent

Email:   [email protected]

 

HSBC Securities Services as Common Depository

8 Canada Square,

Level 24,

London E14 5HQ

Attn:     Amy Brazier 

Tel:       +44 (0) 20 7991 3740

Group Email: [email protected]

(To deliver to Euroclear and Clearstream)

 

14 September 2016

UBS AG, Jersey Branch €22,500,000 Leveraged Notes - eLevate Series 2005-1 linked to the credit of each of a portfolio of Reference Obligations (ISIN: XS0238561822) (the "Notes")

NOTICE OF INTEREST AMOUNT

Reference is made to the Notes. Any capitalised term not otherwise defined in this notice will have the meaning, if any, assigned to such term in the terms and conditions of the Notes.

 

Interest Amount

We hereby notify you in our capacity as Calculation Agent that in respect of the Interest Period from and including 15 June 2016 to and excluding 15 September 2016 (being the "Relevant Interest Period"):

the Aggregate Nominal Amount as of the last day of the Relevant Interest Period was €21,265,269.75 and for the purposes of calculating interest on the Notes only, the Aggregate Nominal Amount was deemed to have been reduced to €19,567,532.75 with effect from 7 April 2016 (being the date a Credit Event Notice and Notice of Publicly Available Information was delivered in respect of Deco 6 - UK Large Loan plc ("Deco")). The Credit Exposure Amount in respect of Deco and the Class A2 Notes issued by Deco (ISIN: XS0235683223) (the "Deco Notes") was €1,697,737;

the Interest Basis was:

3 month EURIBOR plus Spread plus Allocable Reserve Amount,

such amount being equal to:

1.1       3 month EUR-EURIBOR-Telerate (determined on the Interest Determination Date) being equal to -0.262 %; plus

1.2       Spread is zero; plus

1.3       Allocable Reserve Amount is zero.

the Day Count Fraction is Actual/360.

As the 3 month EUR-EURIBOR-Telerate (determined on the Interest Determination Date) is less than zero, the Interest Amount for the Relevant Interest Period shall be zero.

For your information, as at 13 September 2016 the aggregate Credit Exposure Amount in respect of the Reference Obligations in the Portfolio was €147,486,550.  Further details are set out in the Schedule hereto.

Note that pursuant to the terms and conditions of the Notes, (i) for all Interest Periods from that commencing on (and including) 15 December 2015, to that ending on (but excluding) the Maturity Date, the Spread will be 0.0 per cent. per annum and (ii) commencing on (and including) 15 March 2016 and thereafter, the Allocable Reserve Amount will be zero.

Nothing in this notice shall be construed as a waiver of any rights that UBS may have with respect to the Notes.



If you have any questions in respect of the above, please contact: Joshua Krasner ([email protected]) or Piero Grieco ([email protected]).

Yours sincerely

By:


By:






Name: Joshua Krasner


Name:  Piero Grieco


Title:    Executive Director


Title:    MD


 

For and on behalf of

UBS AG, London Branch


 

SCHEDULE

CREDIT EXPOSURE AMOUNT AS AT 13 SEPTEMBER 2016

REFERENCE OBLIGATION

ISIN

CREDIT EXPOSURE AMOUNT (EUR)

AIREM 2004-1X 3A1

XS0201883328

                  13,049,322

AIREM 2004-1X 3A2

XS0201883674

                    8,897,265

AIREM 2005-1X 2A2

XS0217568061

                    4,814,268

AUBN 5 A2

XS0228779764

                    6,105,600

AYTPI III A

ES0312379003

                    2,032,725

CAJAM 2006-2 A2

ES0359092014

                    3,318,907

E-MAC DE05-I A

XS0221900243

                       902,151

E-MAC NL04-I A

XS0188806870

                    2,598,235

E-MAC NL04-II A

XS0207208165

                    3,157,900

E-MAC NL05-I A

XS0216513118

                    3,118,196

ESAIL 2007-1X A3A

XS0284931853

                    7,491,372

ESTIA 1 A

XS0220978737

                    1,864,353

KMS 2007-1X A3B

XS0292650974

                    6,111,560

LANSD 1 A2

XS0250832614

                    3,317,700

MARS3 3 A1B

XS0214916917

                       579,990

MONAS 2004-I A2

XS0201262309

                    3,213,261

PARGN 10X A2B

XS0235419800

                  15,000,000

PARGN 14X A2B

XS0291723400

                    7,995,800

PARGN 7X A1C

XS0193406351

                    4,896,213

PARGN 9X AB

XS0224728286

                    4,773,573

RMAC 2005-NS3X A2A

XS0230220443

                    3,020,618

RMAC 2005-NS3X A2C

XS0230220872

                    3,103,374

RMACS 2006-NS2X A2C

XS0257369073

                    4,912,488

RMS 19X A2C

XS0203542088

                       367,800

RMS 20X A2A

XS0213175788

                    1,299,900

RMS 21X A3C

XS0230942665

                    1,990,200

TITN 2006-5X A2

XS0277725361

                  14,553,779

TRAFFORD CENTRE FIN LTD

XS0222488396

                  15,000,000


Total

147,486,550

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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