Published on 11/18/2015 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.26 million contingent income autocallables tied to indexes
By Susanna Moon
Chicago, Nov. 18 – UBS AG, London Branch priced $2.26 million of autocallable contingent income securities due Nov. 18, 2020 linked to the Euro Stoxx 50 index, the Nikkei 225 index 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 an annual rate of 8% if each index closes at or above its 70% coupon barrier level on the determination date for that quarter.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 63% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes will be called at par if each index closes at or above the 95% redemption level on any of the determination dates other than the final date.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlyings: | Euro Stoxx 50 index, Nikkei 225 index and Russell 2000 index
|
| Amount: | $2,259,900
|
| Maturity: | Nov. 18, 2020
|
| Coupon: | 8% for each quarter that each index closes at or above coupon barrier level on the determination date for that quarter
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus the final contingent coupon unless either index finishes below trigger level, in which case full exposure to any losses of the worst performing index
|
| Call: | At par if each index closes at redemption level on any determination date other than the final date
|
| Initial levels: | 3,360.65 for Euro Stoxx, 19,596.91 for Nikkei and 1,146.549 for Russell
|
| Coupon barriers: | 70% of initial levels
|
| Trigger levels: | 63% of initial levels
|
| Call levels: | 95% of initial levels
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 18
|
| Agent: | UBS Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 90275G731
|
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