Published on 1/8/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $529,000 contingent absolute return autocallable optimization securities linked to International Business
New York, Jan. 8 – UBS AG, London Branch priced $529,000 of 0% contingent absolute return autocallable optimization securities due Jan. 13, 2022 linked to the common stock of International Business Machines Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 10.15% per year if International Business shares close at or above the initial share price on any observation date, which occurs every quarter.
If the notes are not called and International Business shares finish at or above the trigger price, 80% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | International Business Machines Corp. (NYSE: IBM)
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| Amount: | $529,000
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| Maturity: | Jan. 13, 2022
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 10.15% per year if International Business shares close at or above initial share price on any observation date, which occurs every quarter
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| Initial share price: | $135.31
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| Trigger price: | $108.25, 80% of initial price
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 10
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90288R302
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