Published on 4/26/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.73 million 9% contingent yield trigger callables tied to three indexes
By Susanna Moon
Chicago, April 26 – UBS AG, London Branch priced $2.73 million of trigger callable contingent yield notes due Oct. 23, 2020 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its 70% coupon barrier on each trading day for that quarter.
The notes are callable at par on any quarterly observation date other than the final date.
The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger callable contingent yield notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $2,731,000
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| Maturity: | Oct. 23, 2020
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| Coupon: | 9% annualized, payable quarterly if each index closes at or above its 70% coupon barrier on each trading day during that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worst performing index
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| Call option: | At par on each quarterly observation date other than final date
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| Initial levels: | 2,670.14 for S&P, 1,564.124 for Russell and 3,494.20 for Stoxx
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| Trigger levels: | 1,869.10 for S&P, 1,094.887 for Russell and 2,445.94 for Stoxx; 70% of initial levels
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.75%
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| Cusip: | 90270KRK7
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