Published on 8/26/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.5 million trigger autocallable contingent yield notes on indexes
By Sarah Lizee
Olympia, Wash., Aug. 26 – UBS AG, London Branch priced $4.5 million of trigger autocallable contingent yield notes due Aug. 28, 2029 linked to the least performing of the Russell 2000 index, the MSCI Emerging Markets index and the Euro Stoxx 50 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 7.5% if each index closes at or above its coupon barrier, 70% of its initial level, on the related quarterly observation date.
After one year, 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 50% 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: | Russell 2000 index, MSCI Emerging Markets index and Euro Stoxx 50 index
|
| Amount: | $4.5 million
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| Maturity: | Aug. 28, 2029
|
| Coupon: | 7.5%, payable each quarter that each index closes at or above coupon barrier on observation date for that quarter
|
| Price: | Par of $10
|
| Call: | After one year, 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 levels: | 975.66 for EM, 1,506.002 for Russell and 3,373.67 for Stoxx
|
| Coupon barriers: | 682.96 for EM, 1,054.201 for Russell and 2,361.57 for Stoxx; 70% of initial levels
|
| Downside thresholds: | 487.83 for EM, 753.001 for Russell and 1,686.84 for Stoxx; 50% of initial levels
|
| Pricing date: | Aug. 22
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| Settlement date: | Aug. 28
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| Agent: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90281E183
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