By Susanna Moon
Chicago, Jan. 8 – UBS AG, London Branch priced $942,000 of trigger autocallable contingent yield notes due Dec. 27, 2021 linked to the least performing of the common stocks of MasterCard Inc. and the Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 6.8% if each underlying stock closes at or above its 65% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless either stock finishes below its 65% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing stock.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | MasterCard Inc. (Symbol: MA) and Visa Inc. (Symbol: V)
|
| Amount: | $942,000
|
| Maturity: | Dec. 27, 2021
|
| Coupon: | 6.8% annualized, payable quarterly if each stock closes at or above its 65% coupon barrier on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | If each stock finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worse performing index
|
| Call: | At par if each stock closes at or above its initial level on any quarterly call date after six months
|
| Initial levels: | $175.19 for MasterCard and $124.26 for Visa
|
| Downside thresholds: | $113.87 for MasterCard and $80.77 for Visa, 65% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
| Cusip: | 90270KWA3
|
|
|
|
|
© 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.
