By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – UBS AG, London Branch priced $2.38 million of 0% trigger autocallable contingent yield notes due Sept. 1, 2022 linked to the common stocks of Apple Inc. and Facebook, Inc., 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 stock closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.
After one year, the notes will be called at par if each stock closes at or above its initial level on any quarterly observation date prior to the final date.
The payout at maturity will be par unless either stock finishes below the downside threshold level, 60% of its initial level, in which case investors will lose 1% for every 1% decline of the worse performing stock.
UBS Securities LLC and UBS Investment Bank are the bookrunners.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stocks: | Apple Inc. and Facebook, Inc.
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| Amount: | $2,375,000
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| Maturity: | Sept. 1, 2022
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| Coupon: | 8.6%, payable quarterly if each stock closes at or above coupon barrier level on observation date
|
| Price: | Par of $10
|
| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly observation date prior to the final date after one year.
|
| Payout at maturity: | Par unless either stock finishes below downside threshold level, in which case 1% loss for each 1% decline of the worse performing index
|
| Initial levels: | $167.24 for Facebook, $161.47 for Apple
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| Barriers/thresholds: | $100.34 for Facebook, $96.88 for Apple, 60% of initial levels
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 3.35%
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| Cusip: | 90270KMG1
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