By Susanna Moon
Chicago, June 28 – UBS AG, London Branch priced $3.19 million of trigger autocallable contingent yield notes due June 25, 2021 linked to Walmart Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 7% if the stock closes at or above its 78% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the stock finishes below its 78% downside threshold, in which case investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Walmart Inc. (Symbol: WMT)
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| Amount: | $3,187,500
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| Maturity: | June 25, 2021
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| Coupon: | 7% annualized, payable quarterly if stock closes at or above its 78% coupon barrier on the observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If stock finishes at or above trigger level, par; otherwise, 1% loss per 1% decline
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| Call: | At par if stock closes at or above its initial level on each quarterly observation date after six months
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| Initial level: | $84.82
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| Downside threshold: | $66.16, 78% of initial level
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90281A553
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