By Sarah Lizee
Olympia, Wash., Aug. 15 – UBS AG London Branch priced $3 million of 10% principal-at-risk yield notes due Aug. 17, 2020 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the final underlying rate is equal to or greater than the downside threshold, 1.2%, the payout at maturity will be par.
If the final underlying rate is less than the downside threshold, investors will lose 1% for each 0.01% that the final underlying rate is less than the downside threshold and, if the final underlying rate is less than the downside threshold by 1% or more, investors will lose all of their initial investment.
UBS Securities LLC and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG London Branch
|
| Issue: | Principal-at-risk yield notes
|
| Underlying rate: | 10-year Constant Maturity Swap rate
|
| Amount: | $3 million
|
| Maturity: | Aug. 17, 2020
|
| Coupon: | 10%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If the final underlying rate is equal to or greater than the downside threshold, 1.2%, par; if the final underlying rate is less than the downside threshold, investors will lose 1% for each 0.01% that the final underlying rate is less than the downside threshold and, if the final underlying rate is less than the downside threshold by 1% or more, investors will lose all of their initial investment
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 16
|
| Underwriters: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | None
|
| Cusip: | 90270KK81
|
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