By Wendy Van Sickle
Columbus, Ohio, Jan. 31 – UBS AG, London Branch priced $5.2 million of trigger autocallable contingent yield notes due July 31, 2025 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at the rate of 10.2% per year if the ETF closes at or above its coupon barrier, 70% of its initial share price, on the related observation date.
The notes will be automatically called at par plus coupon if the shares of the ETF close at or above the initial share price on any quarterly call observation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 70% of the initial share price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for every 1% decline in share price from the initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying ETF: | VanEck Gold Miners ETF
|
| Amount: | $5.2 million
|
| Maturity: | July 31, 2025
|
| Coupon: | 10.2% per year, paid quarterly, if the ETF closes at or above its coupon barrier on the related observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus the final coupon unless the ETF finishes below downside threshold level, in which case investors will be fully exposed to the ETF’s decline from its initial share price
|
| Call: | Automatically at par plus coupon if the ETF closes at or above initial share price on any quarterly call observation date
|
| Initial share price: | $28.07
|
| Coupon barrier level: | $19.65; 70% of initial share price
|
| Downside threshold: | $19.65; 70% of initial share price
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90303D130
|
|
|
© 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.
