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Published on 3/6/2020 in the Prospect News Structured Products Daily.

New Issue: UBS sells $8.56 million trigger autocallable notes on Stoxx, FTSE

By Kiku Steinfeld

Chicago, March 6 – UBS AG, London Branch priced $8.56 million of 0% trigger autocallable notes due March 3, 2025 linked to the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 11.25% annualized premium if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called and each index finishes at or above its 70% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing index’s final level is below its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Trigger autocallable notes
Underlying indexes:Euro Stoxx 50 and FTSE 100
Amount:$8,561,000
Maturity:March 3, 2025
Coupon:0%
Price:Par
Payout at maturity:Par unless either index finishes below downside threshold, in which case full exposure to decline of lesser performing index
Call:Automatically at par plus 11.25% annualized premium if each index closes at or above its initial level on any quarterly observation date
Initial levels:3,577.68 for Stoxx, 7,042.47 for FTSE
Downside thresholds:2,504.38 for Stoxx and 4,929.73 for FTSE; 70% of initial levels
Pricing date:Feb. 26
Settlement date:Feb. 28
Agent:UBS Securities LLC and UBS Investment Bank
Fees:2.89%
Cusip:90270K4R7

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