Published on 2/21/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $228,000 trigger autocallable notes on index, ETF
By Sarah Lizee
Olympia, Wash., Feb. 21 – UBS AG, London Branch priced $228,000 of 0% trigger autocallable notes due March 8, 2023 linked to the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 13.2% annualized premium if each asset closes at or above 90% of its initial level on any annual observation date prior to maturity.
If the notes are not called and each asset finishes at or above its 70% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing asset’s final level is below its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable notes
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Underlying assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50
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Amount: | $228,000
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Maturity: | March 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless either asset finishes below downside threshold, in which case full exposure to decline of lesser performing asset
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Call: | Automatically at par plus 13.2% annualized premium if each asset closes at or above 90% of initial level on any annual observation date prior to maturity
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Initial levels: | $42.09 for ETF, 3,241.25 for index
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Downside thresholds: | $29.46 for ETF, 2,268.88 for index; 70% of initial levels
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Pricing date: | Feb. 15
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Settlement date: | Feb. 22
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Agent: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | None
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Cusip: | 90270KXK0
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