Published on 1/18/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.5 million contingent yield trigger autocallables on indexes
By Susanna Moon
Chicago, Jan. 18 – UBS AG, London Branch priced $2.5 million of trigger autocallable contingent yield notes due Jan. 19, 2022 linked to the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 8.1% if each index closes at or above its coupon barrier, 65% of its initial level, on each trading day during the observation period for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Securities LLC 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 indexes: | S&P 500, Russell 2000, Euro Stoxx 50
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| Amount: | $2,495,000
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| Maturity: | Jan. 19, 2022
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| Coupon: | 8.1%, payable quarterly if each index closes at or above 65% coupon barrier on each trading day during the observation period for that quarter
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| Price: | Par
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| Call: | At par if each index closes at or above its initial level on any quarterly observation date before the final date after six months
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| Payout at maturity: | Par unless any index closes below downside threshold, in which case 1% loss for each 1% decline of the worst performing index
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| Initial levels: | 1,372.047 for Russell, 2,274.64 for S&P, 3,324.34 for Stoxx
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| Downside thresholds: | 891.831 for Russell, 1,478.52 for S&P, 2,160.82 for Stoxx; 65% of initial levels
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 3%
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| Cusip: | 90270KHV4
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