By Marisa Wong
Madison, Wis., July 1 – UBS AG, London Branch priced $494,000 of 0% airbag performance notes due June 28, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is positive, the payout at maturity will be par plus 161% of the return.
If the index’s return is zero or negative and is greater than or equal to the threshold percentage, the payout will be par. The threshold percentage is negative 50%.
If the final level is less than the threshold percentage, investors will lose 2% for every 1% that the index declines beyond 50%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Airbag performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $494,000
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Maturity: | June 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index’s return is positive, par plus 161% of index return; if index’s return is zero or negative and greater than or equal to negative 50%, par; if final level is less than 50%, 2% loss for every 1% that index declines beyond 50%
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Initial index level: | 3,233.19
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Pricing date: | June 26
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Settlement date: | June 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 5%
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Cusip: | 90272X687
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