Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $186,000 trigger autocallables linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., July 8 – UBS AG, London Branch priced $186,000 of trigger autocallable contingent yield notes due June 30, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at an annual rate of 5.6% if each index closes at or above its downside threshold, 70% of its initial level, on the observation date for that quarter.
After six months, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless either index finishes below its downside threshold, in which case investors will be exposed to the decline of the lesser-performing index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger autocallable contingent yield notes
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $186,200
|
Maturity: | June 30, 2021
|
Coupon: | 5.6%, payable quarterly if indexes close at or above downside thresholds on observation date for that quarter
|
Price: | Par of $10
|
Payout at maturity: | Par unless either index finishes below downside threshold, in which case exposure to decline of lesser-performing index from initial level
|
Call: | After six months, automatically at par if indexes close at or above initial levels on any quarterly observation date
|
Initial levels: | 2,917.38 for S&P 500 and 1,521.035 for Russell 2000
|
Downside thresholds: | 2,042.17 for S&P 500 and 1,064.725 for Russell 2000, or 70% of initial levels
|
Pricing date: | June 25
|
Settlement date: | June 28
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2.2%
|
Cusip: | 90270KZW2
|
© 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.