UBS eyes trigger autocallable contingent yield notes with threshold event on stocks

By Sarah Lizee

Olympia, Wash., Oct. 24 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes with conditional threshold event due Nov. 2, 2022 linked to shares of Citigroup Inc., salesforce.com, inc., Dollar Tree, Inc. and Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 9.3% per year if the shares of each stock close at or above the coupon barrier level, 60% of the initial share prices, on the observation date for that month.

The notes will be automatically called at par plus any coupon due if the shares of each stock close at or above its initial share price on any quarterly call observation date after six months.

A threshold event will occur if the final level of each stock is less than 110% of its initial level and the final level of the least performing stock is less than 60% of its initial level.

If a threshold event has not occurred, the payout at maturity will be par.

If a threshold event has occurred, the payout will be par plus the return of the least performing stock.

UBS Securities LLC and UBS Investment Bank are the agents.

The notes will price on Oct. 28.

The Cusip number is 90270KQ44.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.