By Kiku Steinfeld
Chicago, Oct. 29 – UBS AG, London Branch priced $216,000 of buffer autocallable contingent yield notes due Oct. 27, 2021 linked to the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 7.55% per year if the shares close at or above the coupon barrier, 85% of the initial share price, on the observation date for that quarter.
The notes will be automatically called at par if the shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the buffer level, 85% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the ETF beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Buffer autocallable contingent yield notes
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| Underlying ETF: | VanEck Vectors Junior Gold Miners ETF
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| Amount: | $216,000
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| Maturity: | Oct. 27, 2021
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| Contingent coupon: | 7.55%, payable quarterly if ETF closes at or above coupon barrier level on related quarterly observation date
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par unless ETF finishes below buffer, in which case 1% loss for each 1% decline beyond buffer
|
| Call: | Automatically at par if ETF closes at or above initial price on any quarterly observation date
|
| Initial price: | $39.19
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| Coupon barrier: | $33.31, 85% of initial price
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| Buffer: | $33.31, 85% of initial price
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| Pricing date: | Oct. 22
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| Settlement date: | Oct. 27
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.35%
|
| Cusip: | 90276BJR5
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