Published on 7/27/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $650,000 contingent absolute return autocallables linked to Deere
New York, July 27 – UBS AG, London Branch priced $650,000 of 0% contingent absolute return autocallable optimization securities due Jan. 30, 2020 linked to the common stock of Deere & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 11.91% per year if Deere shares close at or above the initial share price on any observation date, which occurs every quarter.
If the notes are not called and Deere shares finish at or above the trigger price, 80% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Contingent absolute return autocallable optimization securities
|
Underlying stock: | Deere & Co. (NYSE: DE)
|
Amount: | $650,000
|
Maturity: | Jan. 30, 2020
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to share price decline
|
Call: | Automatically at par plus 11.91% per year if Deere shares close at or above initial share price on any observation date, which occurs every quarter
|
Initial share price: | $140.80
|
Trigger price: | $112.64, 80% of initial price
|
Pricing date: | July 27
|
Settlement date: | July 31
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1.5%
|
Cusip: | 90284Q787
|
|
|
© 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.