By Susanna Moon
Chicago, Feb. 1 – UBS AG, London Branch priced $3.16 million of contingent income autocallable securities due Jan. 30, 2021 linked to the worse performing of the common stocks of Mastercard Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.15% if the underlying stock closes at or above its 70% coupon barrier on the determination date that quarter.
The notes will be called at par if the stock closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par unless the stock finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses.
UBS Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying asset: | Mastercard Inc. (Symbol: MA) and Visa Inc. (Symbol: V)
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| Amount: | $3,164,000
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| Maturity: | Jan. 24, 2020
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| Coupon: | 9.15% annualized, payable quarterly if stock closes at or above 70% coupon barrier on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline
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| Call: | At par if stock closes at or above initial level on any determination date other than the final date
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| Initial levels: | $202 for Mastercard and $138.50 for Visa
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| Downside thresholds: | $141.40 for Mastercard and $96.95 for Visa, 70% of initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 24
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| Agent: | UBS Securities LLC with Morgan Stanley Wealth Management as distributor
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| Fees: | 1.25%
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| Cusip: | 90281B882
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