New Issue: UBS prices $7.11 million 8.3% airbag yield notes tied to Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Nov. 21 – UBS AG, London Branch priced $7.11 million of 8.3% airbag yield notes due Aug. 19, 2025 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the final level of the lesser performing index is greater than or equal to the downside threshold, 80% of its initial level, the payout will be par.

Otherwise, investors will lose 1.25% for every 1% decline of the lesser performing index beyond 20%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Airbag yield notes
Underlying indexes:	Russell 2000 index, Nasdaq-100 index
Amount:	$7.11 million
Maturity:	Aug. 19, 2025
Coupon:	8.3%, payable monthly
Price:	Par
Payout at maturity:	If the final level of the lesser performing index is greater than or equal to the downside threshold, par; otherwise, investors will lose 1.25% for every 1% decline of the lesser performing index beyond 20%
Initial levels:	1,798.324 for Russell, 15,812.47 for Nasdaq
Buffer levels:	1,438.659 for Russell, 12,649.98 for Nasdaq; 80% of initial levels
Strike date:	Nov. 14
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	None
Cusip:	90279WRJ5

© 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.