Published on 7/21/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $3.15 million trigger autocallable contingent yield notes on indexes
New York, July 21 – UBS AG, London Branch priced $3.15 million of trigger autocallable contingent yield notes due July 22, 2022 linked to the lesser performing of the MSCI EAFE 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 6.9% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
After six months, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless either index finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
UBS Financial Services Inc. 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: | MSCI EAFE and Russell 2000
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| Amount: | $3.15 million
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| Maturity: | July 22, 2022
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| Coupon: | 6.9%, payable quarterly if each index closes at or above coupon barrier on observation date
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| Price: | Par of $10
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| Call: | After six months, at par plus contingent coupon if both indexes closes at or above initial levels on any quarterly observation date other than the final one
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| Payout at maturity: | Par unless either index closes below 70% downside threshold, in which case 1% loss for each 1% decline of worse performing index
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| Initial index levels: | 1,920.25 for MSCI EAFE, 1,431.602 for Russell 2000
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| Coupon barriers/downside thresholds: | 1,344.18 for MSCI EAFE, 1,002.121 for Russell 2000; 70% of initial levels
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| Pricing date: | July 17
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| Settlement date: | July 20
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90280V772
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