Published on 6/24/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.75 million trigger autocallable contingent yield notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., June 24 – UBS AG, London Branch priced $4.75 million of trigger autocallable contingent yield notes due June 24, 2026 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at an annual rate of 10.3% if each index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that quarter.
After one year, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless any index finishes below its downside threshold level, 50% of its initial level, in which case investors will be fully exposed to the decline of the least-performing index.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
|
| Amount: | $4.75 million
|
| Maturity: | June 24, 2026
|
| Contingent coupon: | 10.3%, payable quarterly if indexes close at or above coupon barriers on quarterly observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless any index finishes below downside threshold, in which case full exposure to decline of least-performing index
|
| Call: | After one year, automatically at par if indexes close at or above initial levels on any quarterly observation date
|
| Initial levels: | 2,978.31 for Euro Stoxx 50, 1,148.971 for Russell 2000 and 2,085.45 for S&P 500
|
| Coupon barriers: | 2,233.73 for Euro Stoxx 50, 861.728 for Russell 2000 and 1,564. 09 for S&P 500; 75% of initial levels
|
| Downside thresholds: | 1,489.16 for Euro Stoxx 50, 574.486 for Russell 2000 and 1,042.73 for S&P 500; 50% of initial levels
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90275R778
|
© 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.
