Published on 3/17/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.51 million contingent income autocallables on three indexes
By Jennifer Chiou
New York, March 17 – UBS AG, London Branch priced $5,505,100 of contingent income autocallable securities due March 17, 2022 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its 75% coupon barrier level on the determination date for that quarter.
The notes will be redeemed at par plus the contingent coupon if each index closes at or above its initial level on any determination date other than the final date.
If each index finishes at or above its 55% downside threshold level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses of the worst-performing index.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Euro Stoxx 50, Russell 2000 and Nikkei 225
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| Amount: | $5,505,100
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| Maturity: | March 17, 2022
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| Coupon: | 8.5%, payable quarterly if each index closes at or above coupon barrier level on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par plus final coupon, if applicable, unless any index finishes below downside threshold level, in which case exposure to decline of worst-performing index
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| Call: | At par plus contingent payment if each index closes at or above initial level on any quarterly determination date other than final date
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| Initial levels: | 3,656.21 for Euro Stoxx 50, 1,232.138 for Russell 2000 and 19,254.25 for Nikkei 225
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| Coupon barrier levels: | 2,742.16 for Euro Stoxx 50, 924.104 for Russell 2000 and 14,440.69 for Nikkei 225, 75% of initial levels
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| Downside threshold levels: | 2,010.92 for Euro Stoxx 50, 677.676 for Russell 2000 and 10,589.84 for Nikkei 225, 55% of initial levels
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| Pricing date: | March 13
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| Settlement date: | March 18
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| Agent: | UBS Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 90274P393
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