By Wendy Van Sickle
Columbus, Ohio, March 8 – UBS AG, London Branch priced $2.25 million of trigger callable contingent yield notes due Feb. 23, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at a rate of 10.25% per year if the index closes at or above its coupon barrier level, 75% of its initial level, on the related monthly observation date.
After three months, the notes may be called at par plus any coupon due on any monthly observation date prior to the final valuation date.
The payout at maturity will be par plus unless the index finishes at or below the downside threshold level, 70% of the initial level, in which case investors will lose 1% for every 1% decline of the index from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $2.25 million
|
| Maturity: | Feb. 23, 2024
|
| Coupon: | 10.25% per year, payable monthly if the index closes at or above its coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless index finishes below downside threshold, in which case 1% loss for each 1% drop below initial level
|
| Call option: | After three months at par plus any coupon on any monthly observation date prior to final valuation date
|
| Initial index level: | 13,637.51
|
| Coupon barrier: | 10,288.13, 75% of initial level
|
| Downside threshold: | 9,546.26, 70% of initial level
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 24
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.6%
|
| Cusip: | 90276BRX3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
