Published on 3/11/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5 million trigger autocallable contingent yield notes on indexes
By Wendy Van Sickle
Columbus, Ohio, March 11 – UBS AG, London Branch priced $5 million of trigger autocallable contingent yield notes due March 4, 2030 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the MSCI Emerging Markets 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% if each index closes at or above its coupon barrier, 70% of its initial level, on the related quarterly observation date.
After one year, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless either index finishes below the 52% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable contingent yield notes
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Underlying indexess: | S&P 500 index, Russell 2000 index and MSCI Emerging Markets index
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Amount: | $5 million
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Maturity: | March 4, 2030
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Coupon: | 7%, payable each quarter that each index closes at or above coupon barrier on observation date for that quarter
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Price: | Par of $10
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Call: | After one year at par plus contingent coupon if both indexs close at or above initial levels on any quarterly observation date other than the final one
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Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
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Initial levels: | 2,954.22 for S&P, 1,699.635 for Russell, 1,005.52 for Emerging
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Coupon barriers: | 2,067.95 for S&P, 1,033.502 for Russell, 703.86 for Emerging; 70% of initial levels
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Downside thresholds: | 1,536.19 for S&P, 767.744 for Russell, 522.87 for Emerging 52% of initial levels
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90281G857
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