Published on 11/17/2017 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.64 million trigger autocallable contingent yield notes on three indexes
By Wendy Van Sickle
Columbus, Ohio, Nov. 17 – UBS AG, London Branch priced $4.64 million of trigger autocallable contingent yield notes due Nov. 19, 2020 linked to the lesser performing of the MSCI Emerging Markets index, the Nikkei 225 index and the Euro Stoxx 50 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 8% if each index closes at or above its coupon barrier level, 68.2% of its initial level, on the observation date for that quarter.
After one year, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless any index finishes below the 68.2% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | MSCI Emerging Markets, Euro Stoxx 50 and Nikkei 225
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| Amount: | $4.64 million
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| Maturity: | Nov. 19, 2020
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| Coupon: | 8%, payable quarterly if each index closes at or above coupon barrier on observation date
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| Price: | Par of $10
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| Call: | After one year, at par plus contingent coupon if each index closes at or above initial level on any quarterly observation date other than the final one
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| Payout at maturity: | Par unless either index closes below 70% downside threshold, in which case 1% loss for each 1% decline of worse performing index
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| Initial index levels: | 3,556.38 for Stoxx, 22,380.01 for Nikkei, 1,118.32 for Emerging Markets
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| Barriers/thresholds: | 2,425.45 for Stoxx, 15,263.17 for Nikkei, 762.69 for Emerging Markets; 68.2% of initial levels
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 17
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90280X687
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