New Issue: UBS prices $5.76 million 5% trigger callable yield notes linked to three indexes

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – UBS AG, London Branch priced $5.76 million of 5% trigger callable yield notes due Sept. 30, 2021 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any quarterly call date beginning on March 27, 2018.

The payout at maturity will be par of $10 unless any index finishes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger callable yield notes
Underlying indexes:	Euro Stoxx 50, Russell 2000 and S&P 500
Amount:	$5.76 million
Maturity:	Sept. 30, 2021
Coupon:	5%, payable quarterly
Price:	Par of $10
Call option:	At par on any quarterly call date beginning on March 27, 2018
Payout at maturity:	If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
Initial levels:	3,536.38 for Stoxx, 1,456.863 for Russell and 2,496.84 for S&P
Trigger levels:	1,945.01, for Stoxx, 801.275 for Russell and 1,373.26 for S&P; 55% of initial levels
Pricing date:	Sept. 27
Settlement date:	Sept. 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90280M594

© 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.