Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Visa Inc. > News item |
UBS eyes trigger autocallable contingent yield notes on two stocks
By Sarah Lizee
Olympia, Wash., May 9 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due June 3, 2022 linked to the lesser performing of the common stocks of Amazon.com, 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 8.65% if each stock closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.
After six months, the notes will be called at par plus the contingent coupon if each stock 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 either stock finishes below the 65% downside threshold, 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.
The notes will price May 28.
The Cusip number is 90270KD71.
© 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.