By Susanna Moon
Chicago, Jan. 18 – UBS AG, London Branch priced $8.45 million of trigger autocallable contingent yield notes due Jan. 15, 2021 linked to the common stocks of Walt Disney Co. and International Business Machines Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each stock closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless either stock finishes below its 70% downside threshold, in which case investors will lose 1% for every 1% decline of the worse performing stock.
UBS Securities LLC and UBS Investment Bank are the bookrunners.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | Walt Disney Co. (Symbol: DIS) and International Business Machines Corp. (Symbol: IBM)
|
| Amount: | $8,451,000
|
| Maturity: | Jan. 15, 2021
|
| Coupon: | 9%, payable quarterly if each stock closes at or above 70% coupon barrier on observation date
|
| Price: | Par of $10
|
| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly observation date after six months
|
| Payout at maturity: | Par unless either stock finishes below downside threshold, in which case 1% loss for each 1% decline of the worse performing stock
|
| Initial levels: | $112.47 for Disney, $163.14 for IBM
|
| Thresholds: | $78.73 for Disney, $114.20 for IBM, 70% of initial levels
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 18
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90270KPU7
|
|
|
|
|
© 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.
