By Susanna Moon
Chicago, March 8 – UBS AG, London Branch priced $3 million of trigger autocallable contingent yield notes due Feb. 19, 2021 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.65% if the fund closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if the fund closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the fund finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying fund: | iShares Russell 2000 ETF
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| Amount: | $3 million
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| Maturity: | Feb. 19, 2021
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| Coupon: | 6.65% annualized, payable quarterly if fund closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If fund finishes at or above 70% downside threshold, par; otherwise, 1% loss for each 1% decline
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| Call: | At par if fund closes at or above its initial level on any quarterly determination date other than final date after one year
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| Initial level: | $153.34
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| Downside threshold: | $107.34, 70% of initial level
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.25%
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| Cusip: | 90280Y461
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