New Issue: UBS sells $1.08 million 7% buffer callable yield notes on Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., July 6 – UBS AG, London Branch priced $1.08 million of 7% buffer callable yield notes due April 1, 2025 linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is paid monthly.

The notes are callable at par on any quarterly observation date after six months.

The payout at maturity will be par unless the lesser performing index falls by more than 20%, in which case investors will have exposure to the losses of the lesser performer beyond 20%

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffer callable yield notes
Underlying assets:	Nasdaq-100 index, Russell 2000 index
Amount:	$1,076,000
Maturity:	April 1, 2025
Coupon:	7% annual rate, paid monthly
Price:	Par
Payout at maturity:	Par unless lesser performing index falls by more than 20%, in which case lose 1% for every 1% decline of the worst performer below 20%
Call option:	At par on any quarterly observation date after six months
Initial level:	12,008.24 for Nasdaq, 1,771.742 for Russell
Buffer levels:	9,606.59 for Nasdaq, 1,417.394 for Russell; 80% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90279FJW2

© 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.