Published on 9/25/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.05 million 6.75% contingent yield trigger autocalls on Dow, Russell
By Susanna Moon
Chicago, Sept. 25 – UBS AG, London Branch priced $6.05 million of trigger autocallable contingent yield notes due Sept. 19, 2023 linked to the worse performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 6.75% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final valuation date after one year.
The payout at maturity will be par unless either underlying 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 autocallable contingent yield notes
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| Underlying indexes: | Russell 2000 index and Dow Jones industrial average
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| Amount: | $6,054,000
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| Maturity: | Sept. 19, 2023
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| Coupon: | 6.75% annualized, payable quarterly if each index closes at or above its 70% 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: | At par if each index closes at or above its initial level on any quarterly call date other than the final valuation date after one year
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| Initial levels: | 26,154.67 for Dow, 1,721.719 for Russell
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| Downside thresholds: | 18,308.27 for Dow, 1,205.203 for Russell, 70% of initial levels
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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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: | 90281A876
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