New Issue: UBS prices $1.87 million trigger autocallable notes linked to index, ETF

By William Gullotti

Buffalo, N.Y., April 26 – UBS AG, London Branch priced $1.87 million of 0% trigger autocallable notes due April 26, 2027 linked to the performance of the S&P 500 index and the SPDR S&P Homebuilders ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 16% annualized call premium if each underlier closes at or above its call level, 90% of initial level, on any annual observation date.

If the notes are not called, the payout at maturity will be par unless any underlier finishes below its 60% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performer.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying assets:	S&P 500 index, SPDR S&P Homebuilders ETF
Amount:	$1,869,000
Maturity:	April 26, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any underlier finishes below downside threshold, in which case 1% loss for each 1% decline of worst performer from initial level
Call:	At par plus a 16% annualized call premium if each underlier closes at or above call level on any annual observation date
Initial levels:	$69.41 for ETF, 4,133.52 for Index
Call levels:	$62.47 for ETF, 3,720.17 for Index; 90% of initial levels
Downside thresholds:	$41.65 for ETF, 2,480.11 for Index; 60% of initial levels
Pricing date:	April 21
Settlement date:	April 26
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	None
Cusip:	90279GDS5

© 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.