By Sarah Lizee
Olympia, Wash., May 20 – UBS AG, London Branch priced $100,000 of trigger autocallable contingent yield notes due Aug. 25, 2020 linked to the common stock of Zscaler, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 15% per year if the shares close at or above the coupon barrier, 60% of the initial share price, on the observation date for that quarter.
The notes will be automatically called at par of $10 if the shares close at or above the initial share price on any quarterly observation date after six months.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stock: | Zscaler, Inc.
|
| Amount: | $100,000
|
| Maturity: | Aug. 25, 2020
|
| Contingent coupon: | 15%, payable quarterly if stock closes at or above coupon barrier level on related quarterly observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless stock finishes below downside threshold, in which case 1% loss for each 1% decline from initial price
|
| Call: | Automatically at par if stock closes at or above initial price on any quarterly observation date after six months
|
| Initial price: | $76.64
|
| Coupon barrier: | $45.98, 60% of initial price
|
| Downside threshold: | $45.98, 60% of initial price
|
| Pricing date: | May 20
|
| Settlement date: | May 22
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.25%
|
| Cusip: | 90270KE39
|
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