By Kiku Steinfeld
Chicago, Jan. 16 – UBS AG, London Branch priced $3.45 million of contingent income autocallable securities due Jan. 6, 2023 linked to Alibaba Group Holding Ltd. American Depositary Receipts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly payment at an annual rate of 9% if the shares close at or above the 75% downside threshold level on the determination date for that quarter.
The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above the initial price on any determination date other than the final one.
The payout at maturity will be par plus the final coupon if the share finish at or above the 75% downside threshold level. Otherwise, investors will receive the cash value of a number of shares of Alibaba stock equal to $10 divided by the initial share price.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying ADRs: | Alibaba Group Holding Ltd. (Symbol: BABA)
|
| Amount: | $3,452,850
|
| Maturity: | Jan. 6, 2023
|
| Coupon: | Contingent quarterly payment of 9% per year if shares close at or above downside threshold level on quarterly determination date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus final coupon unless shares finish below downside threshold level, in which case, cash value of number of shares equal to $10 divided by initial price
|
| Call: | At par plus contingent coupon if stock closes at or above its initial level on any determination date other than final one
|
| Initial price: | $217
|
| Downside threshold: | $162.75, 75% of initial price
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 8
|
| Agent: | UBS Securities LLC with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 90281F883
|
|
|
© 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.
