By Kiku Steinfeld
Chicago, Aug. 19 – UBS AG, London Branch priced $10 million of 11.7% buffered income autocallable securities with downside leverage due Aug. 12, 2021 linked to the VanEck Vectors Oil Services ETF, 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, 60% of the initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive 12.4580 shares of the underlying fund, which is equal to the quotient of the stated principal amount divided by the downside threshold level.
UBS Securities LLC is the agent, and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered income autocallable securities with downside leverage
|
| Underlying ETF: | VanEck Vectors Oil Services ETF
|
| Amount: | $10 million
|
| Maturity: | Aug. 12, 2021
|
| Coupon: | 11.7% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If the final share price is greater than or equal to the downside threshold level, par plus the final coupon; otherwise, 12.4580 shares of the underlying fund
|
| Call: | At par plus coupon if shares close at or above initial share price on any monthly determination date other than final determination date
|
| Initial share price: | $133.78
|
| Downside threshold: | $80.27, 60% of initial share price
|
| Pricing date: | Aug. 7
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| Settlement date: | Aug. 12
|
| Agent: | UBS Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.2%
|
| Cusip: | 90276BFN8
|
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