Published on 4/3/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $3.63 million 8.6% contingent yield trigger autocalls on three indexes
By Susanna Moon
Chicago, April 3 – UBS AG, London Branch priced $3.63 million of trigger autocallable contingent yield notes due March 21, 2028 linked to the lesser performing of the MSCI Emerging Markets index, the Russell 2000 index and the Euro Stoxx 50 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 8.6% 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 other than the final date after one year.
The payout at maturity will be par unless either index finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
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 indexes: | MSCI Emerging Markets index, Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $3.63 million
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| Maturity: | March 21, 2028
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| Coupon: | 8.6%, payable quarterly if each index closes at or above 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 levels on any quarterly observation date other than the final date after one year
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| Payout at maturity: | Par unless either index closes below 70% downside threshold, in which case 1% loss for each 1% decline of worse performing index
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| Initial levels: | 1,213.14 for EM, 1,586.048 for Russell and 3,437.40 for Stoxx
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| Coupon barriers: | 849.20 for EM, 1,110.234 for Russell and 2,406.18 for Stoxx; 70% of initial levels
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| Downside thresholds: | 606.57 for EM, 793.024 for Russell and 1,718.70 for Stoxx; 50% of initial levels
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 3.5%
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| Cusip: | 90280Y701
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