By Susanna Moon
Chicago, June 30 – UBS AG, London Branch priced $1 million of phoenix autocallable notes due June 29, 2017 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Amazon.com stock closes at or above the 70% barrier level on a quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 7.2% for that quarter.
If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par plus the contingent coupon.
If the notes are not called and Amazon.com shares finish at or above the 70% trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will receive a number of Amazon.com shares equal to $1,000 divided by the initial share price or, at the issuer's option, the cash value of those shares.
J.P Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Phoenix autocallable notes
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| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
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| Amount: | $1 million
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| Maturity: | June 29, 2017
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| Coupon: | 7.2% per year, payable quarterly if stock closes at or above barrier level on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if Amazon shares finish at or above trigger price; otherwise, 3.0540 Amazon.com shares
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| Call: | At par plus contingent coupon if Amazon shares close at or above initial price on any quarterly observation date
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| Initial share price: | $327.44
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| Barrier/trigger price: | $229.21, 70% of initial share price
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agents: | J.P Morgan Securities LLC and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90270KCF4
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