By Sarah Lizee
Olympia, Wash., Feb. 20 – UBS AG, London Branch priced $1.87 million of contingent income autocallable securities due Aug. 20, 2019 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Nvidia shares close at or above the downside threshold level, 70% of the initial share price, on a monthly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 14%.
The notes will be called at par of $10 plus the contingent coupon if Nvidia shares close at or above the initial share price on any quarterly determination date other than the final determination date.
If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | UBS AG, London Branch
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Issue: | Contingent income autocallable securities
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Underlying stock: | Nvidia Corp. (Symbol: NVDA)
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Amount: | $1,871,500
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Maturity: | Aug. 20, 2019
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Coupon: | 14% per year, payable monthly if Nvidia shares close at or above downside threshold level on determination date for that month
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Price: | Par of $10
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Payout at maturity: | If final share price is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final share price is less than initial share price
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Call: | At par plus contingent coupon if Nvidia shares close at or above initial share price on any quarterly determination date other than final determination date
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Initial share price: | $157.34
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Downside threshold: | $110.14, 70% of initial share price
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Agent: | UBS Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 1.25%
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Cusip: | 90281C260
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