New Issue: UBS prices $41.60 million trigger autocallable notes on S&P 500

By Marisa Wong

Los Angeles, Oct. 28 – UBS AG, London Branch priced $41,596,700 of 0% trigger autocallable notes due Oct. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par of $10 if the index closes at or above the initial value on any quarterly observation date after six months.

If the notes are not called and the index finishes at or above the downside threshold level, 75% of the initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final value is less than the initial value.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying index:	S&P 500 index
Amount:	$41,596,700
Maturity:	Oct. 31, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline from initial value
Call:	Automatically at par if index closes at or above initial value on any quarterly observation date after six months
Initial value:	3,390.68
Downside threshold:	2,543.01, 75% of initial value
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90278R171

© 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.