By Wendy Van Sickle
Columbus, Ohio, March 8 – UBS AG, London Branch priced $5.36 million of 0% trigger absolute return autocallable notes due March 11, 2021 linked to Royal Caribbean Cruises Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 14.6% if the stock closes at or above its initial level on any review date.
If the stock finishes at or above its 75% threshold, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger absolute return autocallable notes
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Underlying stock: | Royal Caribbean Cruises Ltd.
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Amount: | $5,356,000
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Maturity: | March 11, 2021
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Coupon: | 0%
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Price: | Par of $10
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Call: | At par plus 14.6% annualized if stock closes at or above its initial level on any quarterly review date
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Payout at maturity: | If stock gains or falls by up to 25%, par plus absolute return; otherwise, 1% loss per 1% decline
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Initial index level: | $117.09
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Downside threshold: | $87.82, 75% of initial level
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Pricing date: | March 6
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Settlement date: | March 11
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90281C393
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