Published on 3/4/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.55 million trigger autocallables linked to Nasdaq, S&P, Russell
Chicago, March 4 – UBS AG, London Branch priced $1.55 million of 0% trigger autocallable contingent yield notes due Dec. 1, 2020 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 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 10.5% if all indexes close above the 87.5% coupon barrier level on the relevant observation date.
The notes will be automatically called at par plus the coupon if all indexes close above their initial levels on any quarterly observation date.
At maturity, the payout will be par plus the coupon if all indexes close above the 87.5% downside threshold. Otherwise investors will be fully exposed to the decline of the least-performing index from its initial level.
UBS Securities LLC and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Russell 2000, Nasdaq-100 and S&P 500
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| Amount: | $1,550,000
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| Maturity: | Dec. 1, 2020
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| Coupon: | 10.5% per year, if indexes close above coupon barrier on relevant observation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if all indexes close above downside threshold; otherwise full exposure to losses of least performing index
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| Call: | Automatically at par plus coupon if all indexes close above initial level on any quarterly observation date
|
| Initial index levels: | 1,571.897 for Russell 2000, 8,834.865 for Nasdaq-100 and 3,128.21 for S&P 500
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| Coupon barrier values: | 1,375.410 for Russell 2000, 7,730.507 for Nasdaq-100 and 2,737.18 for S&P 500; 87.5% of initial levels
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| Downside thresholds: | 1,375.410 for Russell 2000, 7,730.507 for Nasdaq-100 and 2,737.18 for S&P 500; 87.5% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 28
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| Underwriters: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90270K4Z9
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