By Angela McDaniels
Tacoma, Wash., Sept. 13 – UBS AG, London Branch priced $1.56 million of trigger autocallable contingent yield notes due Sept. 14, 2021 linked to the common stock of Target 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 7% per year if Target shares close at or above the downside threshold level, 70.7% of the initial share price, on the observation date for that month.
After one year, the notes will be automatically called at par of $10 if Target shares close at or above the initial share price on any monthly observation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stock: | Target Corp. (Symbol: TGT)
|
| Amount: | $1,561,500
|
| Maturity: | Sept. 14, 2021
|
| Coupon: | Each month, notes pay contingent coupon at rate of 7% per year if shares close at or above downside threshold level on observation date for that month
|
| Price: | Par of $10.00
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to downside threshold level, par; otherwise, 1% loss for every 1% that final share price is less than initial share price
|
| Call: | After one year, automatically at par if Target shares close at or above initial share price on any monthly observation date
|
| Initial share price: | $69.00
|
| Downside threshold: | $48.78, 70.7% of initial share price
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90275Y377
|
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