New Issue: UBS prices $1.63 million contingent income autocalls on Energy, Utilities, Financial SPDR funds

By Wendy Van Sickle

Columbus, Ohio, March 18 – UBS AG, London Branch priced $1.63 million of contingent income autocallable securities due March 14, 2025 linked to the least performing of the Energy Select Sector SPDR fund, the Financial Select Sector SPDR fund and the Utilities Select Sector SPDR fund according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at the rate of 11% per year if each fund closes at or above its downside threshold level, 65% of its initial level, on the observation date for that period.

The notes will be automatically called at par plus the coupon if each fund closes at or above its initial level on any observation date.

If each fund finishes at or above its downside threshold level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the least performing fund declines from its initial level.

UBS Securities LLC is the agent. Morgan Stanley Wealth Management is acting as a selected dealer.

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying fundes:	Energy Select Sector SPDR fund, Financial Select Sector SPDR fund, Utilities Select Sector SPDR fund
Amount:	$1,626,000
Maturity:	March 14, 2025
Coupon:	11% per year, payable quarterly if each fund closes at or above downside threshold level on observation date for that period
Price:	Par
Payout at maturity:	If each fund finishes at or above downside threshold level, par plus final coupon; otherwise, 1% loss for every 1% that least performing fund declines from initial level
Call:	Automatically at par plus coupon if each fund closes at or above initial level on any observation date
Initial fund levels:	$76.85 for Energy, $70.43 for Utilities, $36.40 for Financial
Downside threshold levels:	$49.95 for Energy, $45.78 for Utilities, $23.66 for Financial; 65% of initial levels
Pricing date:	March 11
Settlement date:	March 16
Agent:	UBS Securities LLC
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	90290V424

© 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.