By Sarah Lizee
Olympia, Wash., May 8 – UBS AG, London Branch priced $5 million of 12.5% buffered income autocallable securities with downside leverage due Nov. 5, 2020 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus the coupon if the shares close at or above the initial share price on any monthly determination date other than the final determination date.
If the final share price is greater than or equal to the downside threshold level, 80% of the initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive a number of shares equal to $1,000 divided by the downside threshold level or, at the issuer’s option, the cash equivalent.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
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| Issue: | Buffered income autocallable securities with downside leverage
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| Underlying stock: | Walt Disney Co.
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| Amount: | $5 million
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| Maturity: | Nov. 5, 2020
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| Coupon: | 12.5% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to downside threshold level, par; otherwise, 11.558 shares of the stock
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| Call: | At par plus coupon if shares close at or above initial share price on any monthly determination date other than final determination date
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| Initial share price: | $108.15
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| Downside threshold: | $86.52, 80% of initial share price
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| Pricing date: | May 1
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| Settlement date: | May 6
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| Agent: | UBS Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.35%
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| Cusip: | 90276BCH4
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