Published on 6/17/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $13.96 million trigger autocallable contingent yield notes on Nasdaq, S&P
By Wendy Van Sickle
Columbus, Ohio, June 5 – UBS AG, London Branch priced $13.96 million of trigger autocallable contingent yield notes due June 17, 2022 linked to the S&P 500 index and the Nasdaq-100 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% if each asset closes at or above its coupon barrier, 70% of its initial level, on the related observation date.
After six months, the notes will be called at par of $10 if each asset closes at or above its initial level on any observation date.
The payout at maturity will be par plus the final coupon unless either asset finishes below the 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: | Nasdaq-100 index, S&P 500 index
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| Amount: | $13,962,500
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| Maturity: | June 17, 2022
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| Coupon: | 7%, payable quarterly if each index closes at or above coupon barrier on related observation date
|
| Price: | Par of $10
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| Call: | At par if both indexes close at or above initial levels on any observation date after six months
|
| 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 index levels: | 7,479.111 for Nasdaq, 2,886.98 for S&P
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| Coupon barriers: | 5,235.378 for Nasdaq, 2,020.89 for S&P; 70% of initial levels
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| Downside thresholds: | 5,235.378 for Nasdaq, 2,020.89 for S&P; 70% of initial levels
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| Pricing date: | June 14
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| Settlement date: | June 19
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90281D417
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