By Susanna Moon
Chicago, Feb. 22 – UBS AG, London Branch priced $200 million of 0% FI Enhanced Global High Yield exchange-traded notes due March 3, 2026 linked to the MSCI World High Dividend Yield USD Gross Total Return Index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be two times the index return compounded on a quarterly basis, reduced by accrued fees.
Upon each occurrence of a loss rebalancing event, investors will incur a 0.05% reduction in the principal amount.
The notes are callable beginning Feb. 24, 2017.
UBS Securities LLC is the agent.
The notes have been approved for listing on the NYSE Arca under the symbol "FIHD."
| Issuer: | UBS AG, London Branch
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| Issue: | FI Enhanced Global High Yield ETNs
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| Underlying index: | MSCI World High Dividend Yield USD Gross Total Return Index
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| Amount: | $200 million
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| Maturity: | March 3, 2026
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| Coupon: | 0%
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| Price: | Par of $100
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| Payout at maturity: | Two times index return compounded on a quarterly basis, reduced by accrued fees; the annual tracking rate 0.80% per year and the financing spread is 0.85% per year; upon each occurrence of a loss rebalancing event, investors will incur a 0.05% reduction in the principal amount
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| Call option: | Beginning Feb. 24, 2017
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| Initial index level: | 1,494.907
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| Pricing date: | Feb. 19
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| Settlement date: | Feb. 24
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| Underwriter: | UBS Securities LLC
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| Fees: | None
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| Listing: | NYSE Arca: FIHD
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| Cusip: | 90274D218
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