By William Gullotti
Buffalo, N.Y., May 6 – UBS AG, London Branch priced $1.15 million of trigger autocallable contingent yield notes due April 19, 2024 linked to Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at a rate of 11.15% per year if the stock closes at or above its coupon barrier level, 70% of its initial level, on the related quarter observation date.
The notes will be called at par plus any coupon due on any quarterly observation date after six months if the stock closes above 85% of its initial level on the related observation date.
The payout at maturity will be par plus unless the stock finishes at or below the downside threshold level, 70% of the initial level, in which case investors will be fully exposed to the loss.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger autocallable contingent yield notes
|
Underlying stock: | Uber Technologies, Inc.
|
Amount: | $1,150,000
|
Maturity: | April 19, 2024
|
Coupon: | 11.15% per year, payable quarterly if the stock closes at or above its coupon barrier on the related quarter observation date
|
Price: | Par
|
Payout at maturity: | Par plus final coupon unless stock finishes below downside threshold, in which case full exposure to losses
|
Call: | At par plus any coupon on any quarterly observation date after six months if stock finishes above call level on related observation date
|
Initial stock level: | $60.35
|
Call threshold level: | $51.30; 85% of initial level
|
Coupon barrier level: | $42.25; 70% of initial level
|
Downside threshold level: | $42.25; 70% of initial level
|
Pricing date: | April 16
|
Settlement date: | April 21
|
Agents: | UBS Securities LLC and UBS Investment Bank
|
Fees: | 2.75%
|
Cusip: | 90276BYH0
|
© 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.