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Published on 4/19/2018 in the Prospect News Structured Products Daily.

New Issue: UBS prices $752,000 8% contingent yield trigger autocalls on Hartford

By Susanna Moon

Chicago, April 19 – UBS AG, London Branch priced $752,000 of trigger callable contingent yield notes due April 16, 2021 linked to Hartford Financial Services Group, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above its 77% coupon barrier on the observation date for that quarter.

The notes will be called if the stock closes at or above its initial level on any quarterly observation date other than the final date.

The payout at maturity will be par unless the stock finishes below its 77% downside threshold, in which case investors will lose 1% for each 1% decline.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Trigger autocallable contingent yield notes
Underlying stock:Hartford Financial Services Group, Inc. (Symbol: HIG)
Amount:$752,000
Maturity:April 16, 2021
Coupon:8% annualized, payable quarterly if stock closes at or above its 77% coupon barrier on observation date for that quarter
Price:Par of $10
Payout at maturity:If stock finishes at or above downside threshold, par; otherwise, 1% loss per 1% decline
Call:At par if stock closes at or above its initial level on each quarterly observation date other than final date after six months
Initial level:$51.67
Downside threshold:$39.79, 77% of initial level
Pricing date:April 13
Settlement date:April 18
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:2%
Cusip:90281A124

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