Published on 2/1/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1 million 12% contingent yield trigger autocalls on Apple, JPMorgan, Amazon
By Susanna Moon
Chicago, Feb. 8 – UBS AG, London Branch priced $1 million of trigger autocallable contingent yield notes due July 23, 2020 linked to the least performing of the common stocks of Apple Inc., JPMorgan Chase & Co. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 12% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless either stock finishes below its 60% downside threshold level, 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.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stocks: | Apple Inc. (Symbol: AAPL), JPMorgan Chase & Co. (Symbol: JPM) and Amazon.com Inc. (Symbol: AMZN)
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| Amount: | $1 million
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| Maturity: | July 23, 2020
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| Coupon: | 12% annualized, payable quarterly if each stock closes at or above its 60% coupon barrier on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each stock finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worst performing index
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| Call: | At par if each stock closes at or above its initial level on any quarterly call date other than final date
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| Initial levels: | $156.82 for Apple, $104.59 for JPMorgan and $1,696.20 for Amazon
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| Downside thresholds: | $94.09 for Apple, $62.75 for JPMorgan and $1,017.72 for Amazon, 60% of initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 24
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.65%
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| Cusip: | 90270KWU9
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