Published on 9/29/2017 in the Prospect News Structured Products Daily.
New Issue: UBS prices $8.44 million trigger autocallables linked to Euro Stoxx, Russell
By Angela McDaniels
Tacoma, Wash., Sept. 29 – UBS AG, London Branch priced $8.44 million of 0% trigger autocallable notes due Sept. 30, 2022 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus 10% per year if each index closes at or above its initial level on any quarterly observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless either index finishes below its downside threshold, 72.5% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $8,435,000
|
| Maturity: | Sept. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for every 1% that lesser-performing index declines from initial level
|
| Call: | Automatically at par plus 10% per year if each index closes at or above initial level on any quarterly observation date
|
| Initial index levels: | 1,484.813 for Russell 2000 and 3,555.17 Euro Stoxx 50
|
| Downside thresholds: | 1,076.489 for Russell 2000 and 2,577.50 Euro Stoxx 50; 72.5% of initial levels
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 29
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | None
|
| Cusip: | 90270KMY2
|
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