By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – UBS AG, London Branch priced $7.14 million of 7.5% airbag autocallable yield notes due Sept. 23, 2021 linked to the common stock of Microsoft Corp., according to a 424B2 filed with the Securities and Exchange Commission.
Interest will be payable quarterly.
The notes will be called automatically at par if the stock shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, 85% of the initial share price, in which case the payout will be a number of stock shares equal to $1,000 divided by the conversion price.
The agents are UBS Financial Services Inc. and UBS Investment Bank.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | Microsoft Corp.
|
| Amount: | $7,137,000
|
| Maturity: | Sept. 23, 2021
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| Coupon: | 7.5%, payable quarterly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the final share price is less than the conversion price, 85% of the initial share price, in which case the payout will be 5.871 shares
|
| Call: | Automatically at par if the shares close at or above the initial share price on any quarterly observation date
|
| Initial level: | $200.39
|
| Conversion level: | $170.33; 85% of initial level
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 23
|
| Agent: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90281M524
|
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