Facebook finds friends as UBS autocallable pays out early
UBS created this autocallable linked to Facebook that offered a 2.5% quarterly payment should the barrier remain untouched. The product kicked out early, providing coupons and capital but missing out on the gains that followed
This two-year autocallable product from UBS was linked to Facebook shares and offered a quarterly income payment of 2.5%, which equates to an annualised 10%. The strike date was May 14, 2014. The capital investment was at risk if the share price breached the 67.8% European (maturity only) barrier. Early redemption was on offer if the share price was equal to or higher than its initial level on any observation date, in which case the product would be called, maturing early and returning
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