Published on 2/12/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.4 million 7.1% contingent yield trigger autocalls tied to two indexes
By Susanna Moon
Chicago, Feb. 12 – UBS AG, London Branch priced $5.4 million of trigger autocallable contingent yield notes due Feb. 2, 2023 linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.1% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless either index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
|
| Amount: | $5,399,620
|
| Maturity: | Feb. 2, 2023
|
| Coupon: | 7.1%, payable quarterly if each index closes at or above 70% coupon barrier on observation date
|
| Price: | Par of $10
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly observation date after one year
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 6,988.315 for Nasdaq and 1,598.109 for Russell
|
| Barrier levels: | 4,891.821 for Nasdaq and 1,118.676 for Russell, 70% of initial levels
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90280Y230
|
|
|
|
|
© 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.
