Published on 2/8/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.09 million 9% contingent yield trigger autocalls on indexes
By Tali Rackner
Minneapolis, Feb. 8 – UBS AG, London Branch priced $2.09 million of trigger autocallable contingent yield notes due Feb. 2, 2023 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the least-performing index.
UBS Securities LLC 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 indexes: | S&P 500, Euro Stoxx 50, Topix
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| Amount: | $2,093,000
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| Maturity: | Feb. 2, 2023
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| Coupon: | 8%, payable quarterly if each index closes at or above 70% coupon barrier on observation date
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| Price: | Par of $10
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly observation date after one year
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| Payout at maturity: | Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of the least-performing index
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| Initial levels: | 2,853.53 for S&P, 3,643.04 for Euro Stoxx, 1,880.45 for Topix
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| Barrier/downside thresholds: | 1,997.47 for S&P, 2,550.13 for Euro Stoxx, 1,316.32 for Topix, 70% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 3.35%
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| Cusip: | 90270KPX1
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