New Issue: UBS prices $10.03 million contingent income callable securities linked to S&P 500

New York, May 3 – UBS AG, London Branch priced $10.03 million of contingent income callable securities due April 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.15% per annum if the index closes above 80% of its initial level on a quarterly observation date.

The securities may be called starting July 26 and on any subsequent quarterly review date.

If the index gains or ends above its 80% downside threshold the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management as a dealer.

Issuer:	UBS AG, London Branch
Issue:	Contingent income callable securities
Underlying index:	S&P 500 index
Amount:	$10,029,000
Maturity:	April 30, 2026
Coupon:	8.15%, payable quarterly if index closes above 80% coupon barrier
Price:	Par
Payout at maturity:	If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Call:	Starting July 26 and on any subsequent quarterly review date
Initial level:	5,099.96
Downside threshold:	4,079.97, 80% of initial level
Pricing date:	April 26
Settlement date:	May 1
Agent:	UBS Securities LLC with Morgan Stanley Wealth Management as dealer
Fees:	2%
Cusip:	90307DGK2

© 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.