Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SPDR S&P Metals & Mining ETF > News item |
UBS to price trigger autocallable contingent yield notes on three ETFs
By Sarah Lizee
Olympia, Wash., March 25 – UBS AG, London Branch plans to price trigger autocallable contingent yield notes due March 31, 2025 linked to the lesser performing of the SPDR S&P Metals & Mining ETF, the Technology Select Sector SPDR fund and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.75% if each ETF closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
After six months, the notes will be called at par if each ETF closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless either ETF finishes below the 60% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing ETF.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes will price on March 26.
The Cusip number is 90270K5P0.
© 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.