New Issue: UBS prices $3.6 million trigger autocallable contingent yield notes on indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – UBS AG, London Branch priced $3.6 million of trigger autocallable contingent yield notes with daily close monitoring due April 11, 2024 linked to the least performing of the Russell 2000 index, the VanEck Gold Miners ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 21.1% per year if each asset closes at or above its coupon barrier, 65% of its initial level, on every day that period

The notes will be automatically called at par plus coupon if the shares of each asset close at or above 110% of its initial share price on any monthly call observation date after six months.

If the notes are not called and the final share price of each asset is greater than or equal to the downside threshold level, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the loss of the worst performing asset.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with daily close monitoring
Underlying assets:	VanEck Gold Miners ETF, Nasdaq-100 index, Russell 2000 index
Amount:	$3,596,00
Maturity:	April 11, 2024
Coupon:	21.1% per year, paid monthly, if each asset closes at or above its coupon barrier on every day that period
Price:	Par
Payout at maturity:	Par unless any asset finishes below downside threshold level, in which case investors will be fully exposed to the loss of the worst performing asset
Call:	Automatically at par plus coupon if each asset closes at or above 110% of initial level on any monthly call observation date after six months
Initial levels:	$31.56 for ETF, 14,040.35 for Nasdaq, 1,792.8 for Russell
Coupon barrier levels:	$20.51 for ETF, 12,144.39 for index, 1,165.32 for Russell; 65% of initial levels
Downside thresholds:	$20.51 for ETF, 12,144.39 for index, 1,165.32 for Russell; 65% of initial levels
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.25%
Cusip:	90279FN80

© 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.