By Sarah Lizee
Olympia, Wash., June 25 – UBS AG, London Branch priced $10 million of 9.65% buffered income autocallable securities with downside leverage due June 23, 2021 linked to the American depositary receipts of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any monthly determination date other than the final determination date.
If the final share price is greater than or equal to the downside threshold level, 80% of the initial level, the payout at maturity will be par. Otherwise, investors will receive a number of shares of the stock equal to $1,000 divided by the downside threshold level.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
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| Issue: | Buffered income autocallable securities with downside leverage
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| Underlying stock: | Alibaba Group Holding Ltd.
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| Amount: | $10 million
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| Maturity: | June 23, 2021
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| Coupon: | 9.65% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to downside threshold level, par; otherwise, 5.5741 shares of the stock
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| Call: | At par if shares close at or above initial share price on any monthly determination date other than final determination date
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| Initial share price: | $224.25
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| Downside threshold: | $179.40, 80% of initial share price
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| Pricing date: | June 18
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| Settlement date: | June 23
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| Agent: | UBS Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.2%
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| Cusip: | 90276BEB5
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