Published on 1/24/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.82 million contingent income autocallables tied to three indexes
By Sarah Lizee
Olympia, Wash., Jan. 24 – UBS AG, London Branch priced $4.82 million of contingent income autocallable securities due Jan. 23, 2025 linked to the worst performing of the S&P 500 index, the Euro Stoxx 50 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.05% if each underlying asset closes at or above its 75% coupon barrier each day that quarter.
The notes will be called at par if each component closes at or above its initial level on any determination end date other than the first three.
The payout at maturity will be par unless any underlying asset finishes below its 75% threshold level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying assets: | S&P 500 index, the Euro Stoxx 50 index and the Topix index
|
| Amount: | $4,818,000
|
| Maturity: | Jan. 23, 2025
|
| Coupon: | 8.05% annualized, payable quarterly if each asset closes at or above its coupon barrier each day that quarter
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes at or above threshold level, par; otherwise, 1% loss for each 1% decline of worst performing index or index
|
| Call: | At par if each component closes at or above its initial level on any quarterly observation period end date other than the first three
|
| Initial levels: | 3,329.62 for S&P, 3,808.26 for Stoxx, 1,735.44 for Topix
|
| Coupon barrier levels: | 2,497.22 for S&P, 2,856.20 for Stoxx, 1,301.58 for Topix, 75% of initial levels
|
| Downside threshold levels: | 2,497.22 for S&P, 2,856.20 for Stoxx, 1,301.58 for Topix, 75% of initial levels
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 23
|
| Underwriter: | UBS Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 90270K2V0
|
|
|
|
|
© 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.
