Published on 8/19/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.25 million trigger callable contingent yield notes on Nasdaq
By Taylor Fox
New York, Aug. 19 – UBS AG, London Branch priced $1.25 million of trigger callable contingent yield notes due Aug. 17, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 6.5% per year if the index’s closing level is at or above its coupon barrier level, 70% of its initial level, on the observation date for that period.
The notes may be called at par plus the coupon, if any, on any quarterly determination date other than the final determination date.
The payout at maturity will be par plus the final coupon unless the index finishes at or below the downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% loss of the index from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying indexes: | Nasdaq-100 index
|
| Amount: | $1,246,000
|
| Maturity: | Aug. 17, 2021
|
| Coupon: | 6.5%, payable quarterly if index closes at or above coupon barrier on observation date for that period
|
| Price: | Par
|
| Call: | Par plus coupon, if any, callable on any quarterly determination date other than final determination date
|
| Payout at maturity: | Par plus final coupon unless index finishes below downside threshold, in which case 1% loss for each 1% index decline
|
| Initial index levels: | 11,157.72
|
| Coupon barriers: | 7,810.40; 70% of initial levels
|
| Downside thresholds: | 6,694.63; 60% of initial levels
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90276BFT5
|
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