Published on 5/24/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $656,000 buffer autocallable contingent yield notes Russell, gold ETF
By Wendy Van Sickle
Columbus, Ohio, May 24 – UBS AG London Branch priced $656,000 of buffer autocallable contingent yield notes due May 26, 2021 linked to the lesser performing of the Russell 2000 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.15% if each asset closes at or above its 80% coupon barrier on the review date for that quarter.
The notes will be called at par if each asset closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless either asset finishes below its 80% buffer level, in which case investors will be exposed to any losses of the worse performing asset beyond 20%.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer autocallable contingent yield notes
|
| Underlying assets: | Russell 2000 index and VanEck Vectors Gold Miners ETF
|
| Amount: | $656,000
|
| Maturity: | May 26, 2021
|
| Coupon: | 6.15%, payable quarterly if each asset closes at or above coupon barrier on observation date
|
| Price: | Par
|
| Call: | Notes will be called at par if each asset closes at or above its initial level on any quarterly review date
|
| Payout at maturity: | Par unless each asset closes below buffer level, in which case 1% loss for each 1% decline of lesser performing asset beyond buffer
|
| Initial level: | 1,545.248 for Russell, $20.71 for ETF
|
| Coupon barriers: | 1,236.198 for Russell, $16.57 for ETF; 80% of initial levels
|
| Buffer levels: | 1,236.198 for Russell, $16.57 for ETF; 80% of initial levels
|
| Pricing date: | May 21
|
| Settlement date: | May 24
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90270KE21
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
