By Marisa Wong
Morgantown, W.Va., Aug. 19 – UBS AG, London Branch priced $4.77 million of 0% trigger autocallable optimization securities due Aug. 20, 2020 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 8% per year if Walt Disney shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and Walt Disney shares finish at or above the trigger price, 74% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
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| Underlying stock: | Walt Disney Co. (NYSE: DIS)
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| Amount: | $4,766,600
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| Maturity: | Aug. 20, 2020
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par if Walt Disney shares finish at or above trigger price; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 8% per year if Walt Disney shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $107.16
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| Trigger price: | $79.30, 74% of initial price
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 19
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90275C722
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