By Angela McDaniels
Tacoma, Wash., April 16 – UBS AG, London Branch priced $6.89 million of contingent income autocallable securities due April 18, 2022 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Amazon shares close at or above the downside threshold level, 70% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 8.2%.
The notes will be called at par of $10 plus the contingent coupon if Amazon shares close at or above the initial share price on any quarterly determination date other than the final determination date.
If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Securities LLC and Morgan Stanley Smith Barney LLC are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
|
| Amount: | $6,891,430
|
| Maturity: | April 18, 2022
|
| Coupon: | 8.2% per year, payable quarterly if Amazon shares close at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final share price is less than initial share price
|
| Call: | At par plus contingent coupon if Amazon shares close at or above initial share price on any quarterly determination date other than final determination date
|
| Initial share price: | $1,843.06
|
| Downside threshold: | $1,290.14, 70% of initial share price
|
| Pricing date: | April 12
|
| Settlement date: | April 17
|
| Agents: | UBS Securities LLC and Morgan Stanley Smith Barney LLC
|
| Fees: | 2.5%
|
| Cusip: | 90281C625
|
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