By Susanna Moon
Chicago, Feb. 12 – UBS AG, London Branch priced $1.26 million of trigger autocallable contingent yield notes due Feb. 5, 2021 linked to Home Depot, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if the stock closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Home Depot, Inc. (Symbol: HD)
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| Amount: | $1,261,500
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| Maturity: | Feb. 5, 2021
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| Coupon: | 7%, payable quarterly if stock closes at or above 75% coupon barrier on observation date
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| Price: | Par of $10
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any quarterly observation date after six months
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| Payout at maturity: | Par unless stock finishes below downside threshold, in which case 1% loss for each 1% decline
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| Initial level: | $193.97
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| Barrier level: | $145.48, 75% of initial level
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90280Y347
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