Published on 6/13/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.07 million trigger absolute return notes linked to Royal Caribbean
By Angela McDaniels
Tacoma, Wash., June 13 – UBS AG, London Branch priced $6.07 million of 0% trigger absolute return autocallable notes due June 17, 2021 linked to the common stock of Royal Caribbean Cruises Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus a call return of 13% per year if Royal Caribbean stock closes at or above the initial share price on any quarterly observation date, including the final valuation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold, 70% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. If the final share price is less than the downside threshold, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger absolute return autocallable notes
|
| Underlying stock: | Royal Caribbean Cruises Ltd. (Symbol: RCL)
|
| Amount: | $6,072,000
|
| Maturity: | June 17, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to downside threshold, par plus absolute value of stock return; if final share price is less than downside threshold, 1% loss for every 1% that final share price is less than initial share price
|
| Call: | Automatically at par plus call return of 13% per year if Royal Caribbean stock closes at or above initial share price on any quarterly observation date, including final valuation date
|
| Initial share price: | $124.27
|
| Downside threshold: | $86.99, or 70% of initial share price
|
| Trade date: | June 12
|
| Settlement date: | June 17
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90281D458
|
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