New Issue: UBS prices $8.22 million contingent income autocalls on three stocks

By Wendy Van Sickle

Columbus, Ohio, June 17 – UBS AG, London Branch priced $8.22 million of contingent income autocallable securities due June 15, 2023 linked to the common stocks of Microsoft Corp., Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing shares close at or above the coupon barrier level, 55% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 9.05%.

The notes will be called at par of $10 plus the contingent coupon if the least performing shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price of the least performing stock is greater than or equal to the 55% downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than the initial share price.

UBS Securities LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying stocks:	Microsoft Corp., Facebook, Inc. and Alphabet Inc.
Amount:	$8,220,690
Maturity:	June 15, 2023
Coupon:	9.05% per year, payable quarterly if least performing shares close at or above coupon barrier level on determination date for that quarter
Price:	Par of $10.00
Payout at maturity:	If final share price of the least performing stock is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final share price of the least performing stock is less than initial share price
Call:	At par plus contingent coupon if least performing shares close at or above initial share price on any quarterly determination date other than final determination date
Initial share prices:	$263.73 for Facebook, $1,464.70 for Alphabet, $196.84 for Microsoft
Coupon barriers/downside thresholds:	$130.20 for Facebook, $805.59 for Alphabet, $108.26 for Microsoft; 55% of initial share price
Pricing date:	June 10
Settlement date:	June 15
Agent:	UBS Securities LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	90281K221

© 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.