By Susanna Moon
Chicago, Feb. 14 - UBS AG, London Branch priced $8.06 million of 0% trigger autocallable optimization securities due Feb. 16, 2017 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing share price on any quarterly observation date is greater than the initial share price, the notes will be called at par of $10 plus an annualized return of 10.27%.
If the notes are not called and the shares finish at or above 65% of the initial share price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying fund: | iShares Russell 2000 index fund
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Amount: | $8,063,560
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Maturity: | Feb. 16, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final share price is at least trigger price, par; otherwise, full exposure to losses
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Call: | At par plus 10.27% if shares close at or above initial share price on any quarterly observation date beginning
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Initial share price: | $81.27
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Trigger price: | $52.83, 65% of initial share price
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Pricing date: | Feb. 10
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Settlement date: | Feb. 15
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 9026M0135
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