By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – UBS AG, London Branch priced $1.5 million of trigger callable contingent yield notes due Jan. 28, 2027 linked to the S&P 500 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 6.5% if the index’s closing level is at least 70% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly observation date after one year.
If the notes are not called and the index finishes at or above its 70% trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the loss.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger callable contingent yield notes
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Underlying index: | S&P 500 index
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Amount: | $1.5 million
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Maturity: | Jan. 28, 2027
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Coupon: | 6.5% per year, payable quarterly if the index closes at or above its coupon barrier level on the relevant observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon unless the index finishes below its trigger level, in which case investors will be fully exposed to the loss
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Call option: | After one year at par plus any coupon otherwise due on any quarterly observation date
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Initial level: | 4,356.45
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Coupon barrier level: | 3,049.52; 70% of initial level
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Trigger level: | 3,049.52; 70% of initial level
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Pricing date: | Jan. 25
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Settlement date: | Jan. 28
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90279DYV9
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