Published on 6/15/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.04 million contingent income autocallables linked to three indexes
By Susanna Moon
Chicago, June 15 – UBS AG, London Branch priced $5.04 million of contingent income autocallable securities due June 16, 2020 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the Topix 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 7.2% if each index closes at or above its 79% coupon barrier level on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its call level, 93% of the initial index level, on any determination date other than the final date.
The payout at maturity will be par unless any index finishes below its 79% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000 and Topix
|
| Amount: | $5,037,000
|
| Maturity: | June 16, 2020
|
| Coupon: | 7.2% per year, payable quarterly if each index closes at or above barrier level on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless any index finishes below barrier level, in which case exposure to decline of worst performing index
|
| Call: | At par plus contingent payment if each index closes at or above call threshold level on any quarterly determination date other than final date
|
| Initial levels: | 3,551.91 for Euro Stoxx 50, 1,268.92 for Russell 2000 and 1,648.88 for Topix
|
| Barrier levels: | 2,806.01 for Euro Stoxx 50, 1,002.447 for Russell 2000 and 1,302.62 for Topix; 79% of initial levels
|
| Call threshold levels: | 3,303.28 for Euro Stoxx 50, 1,180.096 for Russell 2000 and 1,533.46 for Topix; 93% of initial levels
|
| Pricing date: | June 11
|
| Settlement date: | June 16
|
| Agent: | UBS Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 90274T767
|
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