By William Gullotti
Buffalo, N.Y., June 6 – UBS AG, London Branch priced $1.43 million of trigger callable contingent yield notes due Feb. 1, 2023 linked to the stock performance of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.25% if the stock’s closing level is at least 60% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly observation date other than the final.
If the notes are not called and the stock finishes at or above its 60% trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive a number of shares equal to $1,000 divided by the stock’s initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger callable contingent yield notes
|
Underlying stock: | Wells Fargo & Co.
|
Amount: | $1.43 million
|
Maturity: | Feb. 1, 2023
|
Coupon: | 12.25% per year, payable quarterly if the stock closes at or above its coupon barrier level on the relevant observation date
|
Price: | Par
|
Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case investors will receive 21.7912 shares per note
|
Call option: | At par plus any coupon otherwise due on any quarterly observation date other than the final
|
Initial level: | $45.89
|
Coupon barrier level: | $27.53; 60% of initial level
|
Trigger level: | $27.53; 60% of initial level
|
Pricing date: | May 27
|
Settlement date: | June 2
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 0.5%
|
Cusip: | 90279FDX6
|
|
© 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.