By Taylor Fox
New York, Feb. 22 – UBS AG, London Branch priced $2.49 million of trigger autocallable contingent yield notes due Sept. 29, 2022 linked to the common stock of Zoom Video Communications, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 13% per year if the shares close at or above the downside threshold level, 50% of the initial share price, on the observation date for that month.
The notes will be automatically called at par if the shares close at or above the initial share price on any monthly observation date after three months.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will receive 2.671 shares of the stock.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stock: | Zoom Video Communications, Inc.
|
| Amount: | $2,490,000
|
| Maturity: | Sept. 29, 2022
|
| Contingent coupon: | 13%, payable monthly if stock closes at or above downside threshold on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below downside threshold level, in which case 2.671 shares of the stock
|
| Call: | At par if stock closes at or above initial level on any monthly observation date after three months
|
| Initial price: | $374.39
|
| Downside threshold: | $187.20, 50% of initial price
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90276BNQ2
|
|
|
© 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.
