Published on 3/5/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.31 million trigger autocallable yield notes on stocks
Chicago, March 5 – UBS AG, London Branch priced $4.31 million of trigger autocallable yield notes due March 2, 2023 linked to the common stocks of Apple Inc., Amazon.com, Inc., Netflix, Inc. and the class C capital stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a coupon at the rate of 8.25% per year.
The notes will be automatically called at par plus any coupon due if the shares of each stock close at or above its initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable yield notes
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| Underlying stocks: | Apple Inc., Amazon.com, Inc., Netflix, Inc. and the class C capital stock of Alphabet Inc.
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| Amount: | $4,308,000
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| Maturity: | March 2, 2023
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| Contingent coupon: | 8.25%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
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| Call: | Automatically at par plus any coupon due if each stock closes at or above initial level on any quarterly call observation date after six months
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| Initial levels: | $288.08 for Apple, $1,972.74 for Amazon, $1,388.45 for Alphabet, $360.09 for Netflix
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| Downside thresholds: | $172.85 for Apple, $1,183.64 for Amazon, $833.07 for Alphabet, $216.05 for Netflix; 60% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 3.25%
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| Cusip: | 90270K3S6
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