By William Gullotti
Buffalo, N.Y., Jan. 22 – UBS AG, London Branch priced $4.6 million of contingent income autocallable securities due Jan. 15, 2026 linked to the performance of the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 13.75% if the ETF closes above its 75% coupon barrier on the corresponding observation date.
After six months, the notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date.
If the final share price is greater than or equal to the downside threshold level, 75% of initial level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be exposed to the ETF’s decline from its initial share price.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
Issuer: | UBS AG, London Branch
|
Issue: | Contingent income autocallable securities
|
Underlying fund: | KraneShares CSI China Internet ETF
|
Amount: | $4.6 million
|
Maturity: | Jan. 15, 2026
|
Coupon: | 13.75% per year, payable quarterly if shares close at or above coupon barrier level on the relevant observation date
|
Price: | Par
|
Payout at maturity: | Par plus the final coupon unless ETF finishes below downside threshold level, in which case investors will be exposed to the ETF’s decline from its initial share price
|
Call: | At par plus contingent coupon if shares close at or above initial share price on any quarterly determination date after six months
|
Initial share price: | $25.43
|
Coupon barrier: | $19.07; 75% of initial share price
|
Downside threshold: | $19.07; 75% of initial share price
|
Pricing date: | Jan. 12
|
Settlement date: | Jan. 18
|
Agent: | UBS Securities LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 90279WG99
|
|
© 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.