By Wendy Van Sickle
Columbus, Ohio, April 14 – UBS AG, London Branch priced $3.99 million of trigger callable contingent yield notes due March 30, 2023 linked to the Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at a rate of 11.15% per year if the stock closes at or above its coupon barrier level, 75% of its initial level, on the related quarter observation date.
After six months, the notes may be called at par plus any coupon due on any quarterly observation date other than the final valuation date.
The payout at maturity will be par plus unless the stock finishes at or below the downside threshold level, 75% of the initial level, in which case investors will receive 5.3787 Disney shares or the cash equivalent.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying stock: | Walt Disney Co.
|
| Amount: | $3,989,000
|
| Maturity: | March 30, 2023
|
| Coupon: | 11.15% per year, payable quarterly if the stock closes at or above its coupon barrier on the related quarter observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless stock finishes below downside threshold, in which case 5.3787 Disney shares or the cash equivalent
|
| Call option: | At par plus any coupon on any quarterly observation date after six months other than final valuation date
|
| Initial stock level: | $185.92
|
| Coupon barrier: | $139.44, 75% of initial level
|
| Downside threshold: | $139.44, 75% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 1.75%
|
| Cusip: | 90276BVN0
|
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