Published on 7/19/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $11.58 million 9.85% contingent yield trigger calls on Stoxx, S&P, Russell
By Susanna Moon
Chicago, July 19 – UBS AG, London Branch priced $11.58 million of trigger callable contingent yield notes due Jan. 19, 2021 linked to the worst performing of the Russell 2000 index and the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 9.85% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes are callable at par on any review date other than the final valuation date.
The payout at maturity will be par unless either index finishes below its 70% trigger level, 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 callable contingent yield notes
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| Underlying indexes: | Russell 2000, S&P 500 and Euro Stoxx 50
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| Amount: | $11,576,000
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| Maturity: | Jan. 19, 2021
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| Coupon: | 9.85% annualized, payable quarterly if each index closes at or above its 75% coupon barrier on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worse performing index
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| Call option: | At par on any quarterly call date other than the final valuation date
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| Initial levels: | 2,801.31 for S&P, 1,687.079 for Russell, 3,454.54 for Stoxx
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| Coupon barriers: | 2,100.98 for S&P, 1,265.309 for Russell, 2,590.91 for Stoxx, 75% of initial levels
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| Downside thresholds: | 1,960.92 for S&P, 1,180.955 for Russell, 2,418.18 for Stoxx, 70% of initial levels
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| Pricing date: | July 13
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| Settlement date: | July 18
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.75%
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| Cusip: | 90270KSU4
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