By Wendy Van Sickle
Columbus, Ohio, June 13 – UBS AG, London Branch priced $795,500 of trigger autocallable contingent yield notes due June 11, 2021 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 7% per year if the shares close at or above the coupon barrier, 71.75% of the initial share price, on the observation date for that quarter.
After six months, the notes will be automatically called at par of $10 if the shares close at or above the initial share price on any quarterly observation date other than the final one.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 71.75% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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 stock: | FedEx Corp.
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| Amount: | $795,500
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| Maturity: | June 11, 2021
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| Contingent coupon: | 7%, payable quarterly if stock closes at or above coupon barrier level on related quarterly observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless stock finishes below downside threshold level, in which case 1% loss for each 1% decline from initial price
|
| Call: | Automatically at par if stock closes at or above initial level on any quarterly observation date after six months other than the final one
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| Initial price: | $260.15
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| Coupon barrier: | $186.66, 71.75% of initial price
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| Downside threshold: | $186.66, 71.75% of initial price
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| Pricing date: | June 8
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| Settlement date: | June 13
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
|
| Cusip: | 90281A470
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