By Kiku Steinfeld
Chicago, April 10 – UBS AG, London Branch priced $1.79 million of trigger callable contingent yield notes due Aug. 23, 2023 linked to the stock performance of Fidelity National Information Services, 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 13.55% if the stock’s closing level is at least 70% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly observation date.
If the notes are not called and the stock finishes at or above its 70% trigger level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the stock’s decline from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger callable contingent yield notes
|
Underlying stock: | Fidelity National Information Services, Inc.
|
Amount: | $1,785,000
|
Maturity: | Aug. 23, 2023
|
Coupon: | 13.55% per year, payable quarterly if the stock closes at or above its coupon barrier level on the relevant observation date
|
Price: | Par
|
Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case investors will be fully exposed to the stock’s decline from initial level
|
Call option: | At par plus any coupon otherwise due on any quarterly observation date
|
Initial level: | $69.22
|
Coupon barrier level: | $48.45; 70% of initial level
|
Trigger level: | $48.45; 70% of initial level
|
Pricing date: | Dec. 16
|
Settlement date: | Dec. 21
|
Agents: | UBS Securities LLC and UBS Investment Bank
|
Fees: | 0.6%
|
Cusip: | 90279FD81
|
|
© 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.