Published on 12/17/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $13.58 million trigger autocallable contingent yield notes on Russell, Nasdaq
By Kiku Steinfeld
Chicago, Dec. 17 – UBS AG, London Branch priced $13.58 million of trigger autocallable contingent yield notes due Nov. 18, 2022 linked to the Nasdaq-100 index and the Russell 2000 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 7.3% if each asset closes at or above its coupon barrier, 70% of its initial level, on the review date for that quarter.
After six months, the notes will be called at par of $10 plus the coupon if each asset closes at or above its initial level on any review date.
The payout at maturity will be par plus the final coupon unless either asset finishes below its downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing asset from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index
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| Amount: | $13,578,850
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| Maturity: | Nov. 18, 2022
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| Coupon: | 7.3%, payable quarterly if each index closes at or above coupon barrier on review date for that quarter
|
| Price: | Par of $10
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| Call: | At par plus coupon if both indexes close at or above initial levels on any review date after six months
|
| Payout at maturity: | Par unless either index finishes below its downside threshold, in which case 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 1,596.454 for Russell, 8,315.523 for Nasdaq
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| Coupon barriers: | 1,117.518 for Russell, 5,820.866 for Nasdaq; 70% of initial levels
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| Downside thresholds: | 1,117.518 for Russell, 5,820.866 for Nasdaq; 70% of initial levels
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 20
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90281E845
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