Published on 4/1/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.86 million trigger callable yield notes linked to three indexes
By Sarah Lizee
Olympia, Wash., April 1 – UBS AG, London Branch priced $1.86 million of 10.1% trigger callable yield notes due March 17, 2021 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any quarterly call date after nine months.
The payout at maturity will be par of $10 unless any index finishes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger callable yield notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $1,856,000
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Maturity: | March 17, 2021
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Coupon: | 10.1%, payable quarterly
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Price: | Par of $10
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Call option: | At par on any quarterly call date after nine months
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Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
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Initial levels: | 20,704.91 for Dow, 1,096.555 for Russell, 2,447.33 for S&P
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Trigger levels: | 11,387.70 for Dow, 603.105 for Russell, 1,346.03 for S&P; 55% of initial levels
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Pricing date: | March 24
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Settlement date: | March 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90276BAA1
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