By Susanna Moon
Chicago, March 8 – UBS AG, London Branch priced $4.76 million of trigger autocallable contingent yield notes due Feb. 19, 2021 linked to Procter & Gamble Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if the stock closes at or above its 79.85% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock finishes below its 79.85% downside threshold, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger autocallable contingent yield notes
|
Underlying stock: | Procter & Gamble Co. (Symbol: PG)
|
Amount: | $4,761,500
|
Maturity: | Feb. 19, 2021
|
Coupon: | 7% annualized, payable quarterly if stock closes at or above 79.85% coupon barrier on review date for that quarter
|
Price: | Par of $10
|
Payout at maturity: | If stock finishes at or above 79.85% downside threshold, par; otherwise, 1% loss for each 1% decline
|
Call: | At par if stock closes at or above its initial level on any quarterly determination date after six months
|
Initial level: | $82.60
|
Downside threshold: | $65.96, 79.85% of initial level
|
Pricing date: | Feb. 16
|
Settlement date: | Feb. 22
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90280Y420
|
|
|
© 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.