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UBS plans 7.2%-9.2% airbag yield autocallables linked to Facebook
By Susanna Moon
Chicago, Feb. 25 - UBS AG, London Branch plans to price 7.2% to 9.2% airbag autocallable yield optimization notes due Feb. 27, 2015 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par plus the coupon if the stock finishes above its 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, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the conversion price. The conversion price will be 78% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
The notes will price on Feb. 26 and settle on Feb. 28.
The Cusip number is 90271T869.
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