Published on 8/22/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.5 million 8% contingent yield trigger autocalls tied to 10 tech stocks
By Susanna Moon
Chicago, Aug. 22 – UBS AG, London Branch priced $3.5 million of trigger autocallable contingent yield notes due Aug. 20, 2020 linked to a basket of 10 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Apple Inc., Amazon.com, Inc., Alibaba Group Holding Ltd., Baidu, Inc., Facebook, Inc., Alphabet Inc., Micron Technology, Inc., Netflix, Inc., Nvidia Corp. and Twitter, Inc.
The notes pay a contingent quarterly coupon at an annual rate of 8% if the basket closes at or above its 73% coupon barrier on the observation date for that quarter.
The notes will be called at par if the basket closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless the basket finishes below its 73% trigger level, in which case investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying basket: | Apple Inc. (Symbol: AAPL), Amazon.com, Inc. (Symbol: AMZN), Alibaba Group Holding Ltd. (Symbol: BABA), Baidu, Inc. (Symbol: BIDU), Facebook, Inc. (Symbol: FB), Alphabet Inc. (Symbol: GOOGL), Micron Technology, Inc. (Symbol: MU), Netflix, Inc. (Symbol: NFLX), Nvidia Corp. (Symbol: NVDA), Twitter, Inc. (Symbol: TWTR), equally weighted
|
| Amount: | $3.5 million
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | 8% annualized, payable quarterly if basket closes at or above its 73% coupon barrier on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | If basket finishes at or above trigger level, par; otherwise, 1% loss per 1% decline
|
| Call: | At par if basket closes at or above its initial level on any quarterly call date after six months
|
| Initial levels: | $210.24 for Apple, $1,882.62 for Amazon, $169.83 for Alibaba, $213.47 for Baidu, $179.53 for Facebook, $1,232.22 for Alphabet, $47.49 for Micron, $326.40 for Netflix, $259.08 for Nvidia, $32.38 for Twitter
|
| Downside thresholds: | 73% of initial levels
|
| Pricing date: | Aug. 15
|
| Settlement date: | Aug. | 20
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90281A769
|
|
|
|
|
© 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.
