Published on 10/17/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $146,000 trigger autocallable contingent yield notes on S&P, Russell
By Kiku Steinfeld
Chicago, Oct. 17 – UBS AG, London Branch priced $146,000 of trigger autocallable contingent yield notes due March 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its coupon barrier, 70% of its initial level, on the related observation date.
The notes will be called at par plus any coupon if each index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless either index finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $146,000
|
| Maturity: | March 31, 2022
|
| Coupon: | 6%, payable each quarter that each index closes at or above coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Call: | At par plus contingent coupon if both indexes close at or above initial levels on any quarterly observation date after six months
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 2,984.87 for S&P, 1,550.654 for Russell
|
| Coupon barriers: | 2,089.41 for S&P, 1,085.458 for Russell; 70% of initial levels
|
| Downside thresholds: | 2,089.41 for S&P, 1,085.458 for Russell; 70% of initial levels
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
| Cusip: | 90270KL56
|
|
|
© 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.
