By Angela McDaniels
Tacoma, Wash., May 30 - UBS AG, London Branch priced $1 million of 6.4% airbag autocallable yield optimization notes due May 29, 2015 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if Facebook shares close 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, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the conversion price. The conversion price is 75% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Facebook, Inc. (Symbol: FB)
|
| Amount: | $1 million
|
| Maturity: | May 29, 2015
|
| Coupon: | 6.4%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of Facebook shares equal to $1,000 divided by conversion price
|
| Call: | Automatically at par if Facebook shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $63.51
|
| Conversion price: | $47.63, 75% of initial share price
|
| Pricing date: | May 28
|
| Settlement date: | May 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90272X620
|
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