Published on 8/8/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $19.81 million trigger autocallables linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 8 – UBS AG, London Branch priced $19.81 million of trigger autocallable contingent yield notes due Aug. 11, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 7% per year if the index closes at or above the downside threshold level, 78.5% of the initial level, on the observation date for that quarter.
After six months, the notes will be automatically called at par of $10 if the index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the final index level is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final level is less than the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying index: | S&P 500
|
| Amount: | 19,808,200
|
| Maturity: | Aug. 11, 2021
|
| Coupon: | Each quarter, notes pay contingent coupon at rate of 7% per year if index closes at or above downside threshold level on observation date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | If notes are not called and final level is greater than or equal to downside threshold level, par; otherwise, 1% loss for every 1% that final level is less than initial level
|
| Call: | After six months, automatically at par if index closes at or above initial level on any quarterly observation date
|
| Initial level: | 2,881.77
|
| Downside threshold: | 2,262.19, 78.5% of initial level
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 9
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90281D854
|
© 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.
