Published on 5/1/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.08 million trigger callable contingent yield notes on Russell, Dow
By Sarah Lizee
Olympia, Wash., May 1 – UBS AG, London Branch priced $5.08 million of trigger callable contingent yield notes due April 29, 2025 linked to the Dow Jones industrial average 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 the rate of 10% per year if each index’s closing level is at or above its coupon barrier level, 70% of its initial level, on the observation date for that period.
The notes may be called at par plus the coupon, if any, on any determination date other than the final determination date.
The payout at maturity will be par unless either asset finishes at or below the downside threshold level, 60% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing asset from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger callable contingent yield notes
|
Underlying indexes: | Russell 2000 index, Dow Jones industrial average
|
Amount: | $5,084,000
|
Maturity: | April 29, 2025
|
Coupon: | 10%, payable quarterly if each index closes at or above coupon barrier on observation date for that period
|
Price: | Par
|
Call option: | At par plus coupon, if any, callable on any determination date other than final determination date
|
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 index levels: | 23,775.27 for Dow, 1,233.053 for Russell
|
Coupon barriers: | 16,642.69 for Dow, 863.137 for Russell; 70% of initial levels
|
Downside thresholds: | 14,265.16 for Dow, 739.832 for Russell; 60% of initial levels
|
Pricing date: | April 24
|
Settlement date: | April 29
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 3.79%
|
Cusip: | 90276BBN2
|
|
© 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.