By Jennifer Chiou
New York, Oct. 8 – UBS AG, London Branch priced $2 million of phoenix autocallable notes due Oct. 8, 2019 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.65% if Ford stock closes at or above the 75% barrier level on an observation date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any quarterly observation date.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 75% trigger level, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.
UBS Investment Bank is the underwriter with J.P. Morgan Securities LLC as the agent.
| Issuer: | UBS AG, London Branch
|
| Issue: | Phoenix autocallable notes
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| Underlying shares: | Ford Motor Co. (Symbol: F)
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| Amount: | $2 million
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| Maturity: | Oct. 8, 2019
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| Coupon: | 6.65% per year, payable quarterly if stock closes at or above barrier level on observation date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if stock finishes at or above trigger price; otherwise, 68.5401 Ford shares
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| Call: | At par plus contingent coupon if Ford shares close at or above initial price on any quarterly observation date
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| Initial share price: | $14.59
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| Barrier level: | $10.94, 75% of initial share price
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 8
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| Underwriter: | UBS Investment Bank
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| Agents: | J.P Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 90270KDP1
|
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