Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
UBS plans trigger phoenix autocallables tied to Euro Stoxx, Russell
By Marisa Wong
Madison, Wis., May 1 - UBS AG, London Branch plans to price 0% trigger phoenix autocallable optimization securities due May 16, 2018 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If each index closes at or above its trigger level, 60% to 65% of the initial level, on any quarterly observation date, the issuer will pay an annualized contingent coupon of 8%. Otherwise, no coupon will be paid for that quarter.
If each index closes at or above its initial level on any observation date after one year, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and the index finishes at or above the trigger level, the payout at maturity will be par plus the contingent coupon. Investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on May 10 and settle on May 15.
The Cusip number is 90271C403.
© 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.