By Marisa Wong
Morgantown, W.Va., Aug. 17 – UBS AG, London Branch prices $3.56 million of contingent income autocallable securities due Feb. 19, 2016 linked to the S&P GSCI Crude Oil Index – Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 19% if the index closes at or above the 80% downside threshold 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 date.
The payout at maturity will be par plus the final coupon unless the index finishes below the 80% downside threshold level, in which case investors will be fully exposed to the index decline.
UBS Securities LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying index: | S&P GSCI Crude Oil Index – Excess Return
|
| Amount: | $3,561,000
|
| Maturity: | Feb. 19, 2016
|
| Coupon: | Contingent monthly coupon at 19% per year if the index closes at or above the downside threshold level on the determination date for that month
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless the index finishes below the downside threshold level, in which case investors will be fully exposed to the index decline
|
| Call: | At par plus the contingent coupon if the index closes at or above the initial level on any determination date other than the final date
|
| Initial level: | 204.8240
|
| Downside threshold: | 163.8592, 80% of initial level
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 19
|
| Agent: | UBS Securities LLC
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 1.25%
|
| Cusip: | 90270KFM6
|
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