Published on 6/21/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.73 million trigger autocallable notes on Nasdaq, Russell
By Marisa Wong
Morgantown, W.Va., June 21 – UBS AG, London Branch priced $5.73 million of trigger autocallable contingent yield notes due June 18, 2021 linked to the lesser performing of the Nasdaq-100 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 6.35% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related quarterly observation date.
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
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $5,732,500
|
| Maturity: | June 18, 2021
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| Coupon: | 6.35%, payable quarterly if each index closes at or above coupon barrier on related quarterly observation date
|
| Price: | Par of $10
|
| Call: | After six months, at par plus contingent coupon if both indexes close at or above initial levels on any quarterly observation date other than the final one
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 7,255.756 for Nasdaq, 1,683.908 for Russell
|
| Coupon barriers: | 5,079.029 for Nasdaq, 1,178.736 for Russell; 70% of initial levels
|
| Downside thresholds: | 5,079.029 for Nasdaq, 1,178.736 for Russell; 70% of initial levels
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90281A447
|
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