Published on 5/26/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $12.3 million trigger callable yield notes on S&P 500
By Sarah Lizee
Olympia, Wash., May 26 – UBS AG London Branch priced $12.3 million of 4.85% trigger callable yield notes due May 26, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after three months.
The payout at maturity will be par of $10 unless the index finishes below its 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG London Branch
|
Issue: | Trigger callable yield notes
|
Underlying index: | S&P 500 index
|
Amount: | $12,304,600
|
Maturity: | May 26, 2022
|
Coupon: | 4.85% per year, payable monthly
|
Price: | Par of $10
|
Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
|
Call option: | At par on any coupon date after three months
|
Initial level: | 2,955.45
|
Downside threshold: | 1,477.73; 50% of initial level
|
Pricing date: | May 22
|
Settlement date: | May 28
|
Underwriter: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1%
|
Cusip: | 90281J745
|
|
© 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.