UBS plans contingent absolute return autocallables on AbbVie

By Marisa Wong

Madison, Wis., March 19 – UBS AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due March 31, 2016 linked to AbbVie Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 8% to 10% if AbbVie shares close at or above the initial price on any quarterly observation date. The exact call premium will be set at pricing.

If the notes are not called and the final share price is greater than or equal to the trigger price, 80% of the initial price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock decline.

The notes will price on March 20 and settle on March 25.

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

The Cusip number is 90274P617.

© 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.