By Marisa Wong
Los Angeles, Oct. 5 – UBS AG, London Branch priced $3.76 million of 8.55% airbag autocallable yield notes due Oct. 1, 2021 linked to the common stock of Facebook, Inc., according to a 424B2 filed with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the stock closes 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, 80% of the initial share price, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | Facebook, Inc. (Symbol: FB)
|
| Amount: | $3,763,000
|
| Maturity: | Oct. 1, 2021
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| Coupon: | 8.55%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the final share price is less than the conversion price, in which case 4.9053 shares per note
|
| Call: | Automatically at par if the shares close at or above the initial share price on any quarterly observation date
|
| Initial price: | $254.82
|
| Conversion price: | $203.86; 80% of initial price
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90281M631
|
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