By Toni Weeks
San Luis Obispo, Calif., Aug. 5 – UBS AG, London Branch priced $5.42 million of contingent income autocallable securities due Feb. 3, 2016 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent payment at an annualized rate of 18% if the index closes at or above the downside threshold level, 80% of the initial index level, on the determination date for that month.
The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any determination date other than the final determination date.
If the final index level is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying index: | S&P GSCI Crude Oil Index Excess Return
|
| Amount: | $5,415,000
|
| Maturity: | Feb. 3, 2016
|
| Coupon: | Each month, notes pay contingent payment at annualized rate of 18% if index closes at or above downside threshold level on determination date for that month
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any determination date other than final determination date
|
| Initial index level: | 227.4196
|
| Downside threshold: | 181.9357, 80% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | UBS Securities LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 1.25%
|
| Cusip: | 90270KFL8
|
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