UBS plans trigger autocallable contingent yield notes on stock basket

By Sarah Lizee

Olympia, Wash., Aug. 21 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due Aug. 29, 2023 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks are Apple Inc., Amazon.com, Inc., Walt Disney Co., DocuSign, Inc., Facebook, Inc., Alphabet Inc., lululemon athletica inc., Microsoft Corp., Tesla, Inc. and Zoom Video Communications, Inc., each with a 10% weight.

The notes will pay a contingent quarterly coupon at an annual rate of 12.5% if the basket closes at or above its coupon barrier level, 75% of its initial level, on the related quarterly observation date.

The notes will be called at par of $10 plus the coupon if the basket closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the basket finishes below its 75% downside threshold level, in which case investors will lose 1% for each 1% decline of the basket from its initial level.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Aug. 24.

The Cusip number is 90281M250.

© 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.