Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for UBS AG, London Branch > News item |
UBS plans contingent income autocallable notes linked to Alibaba
By Susanna Moon
Chicago, April 27 – UBS AG, London Branch plans to price contingent income autocallable securities due May 4, 2018 linked to Alibaba Group Holding Ltd. American Depositary Receipts, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.35% if the shares close at or above the 80% barrier level on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any of the first 11 determination dates.
The payout at maturity will be par plus the final coupon unless the shares finish below the 80% barrier level, in which case investors will receive a number of Alibaba shares equal to $10 divided by the initial price or, at the issuer’s option, the cash value of those shares.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on May 1 and settle on May 6.
The Cusip number is 90274T254.
© 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.