By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – UBS AG, London Branch priced $4.06 million of trigger autocallable contingent yield notes due Oct. 17, 2022 linked to the least performing of the common stocks of Apple Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 11% per year if each stock closes at or above its coupon barrier, 70% of its initial level, on the related observation date.
The notes will be automatically called at par plus coupon if the shares of each stock close at or above its initial share price on any quarterly call observation date.
If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stocks: | Apple Inc., Facebook, Inc.
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| Amount: | $4.06 million
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| Maturity: | Oct. 17, 2022
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| Coupon: | 11% per year, paid quarterly, if each stock closes at or above its coupon barrier on any related observation date
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
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| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date
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| Initial levels: | $141.51 for Apple, $323.77 for Facebook
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| Coupon barrier levels: | $99.06 for Apple, $226.64 for Facebook; 70% of initial levels
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| Downside thresholds: | $99.06 for Apple, $226.64 for Facebook; 70% of initial levels
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| Pricing date: | Oct. 12
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| Settlement date: | Oct. 15
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 0.75%
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| Cusip: | 90279DLD6
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