Published on 3/26/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $549,000 airbag yield optimization notes linked to Facebook
New York, March 26 – UBS AG, London Branch priced $549,000 of 5.09% annualized airbag yield optimization notes due Oct. 1 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
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 80% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Facebook, Inc. (Nasdaq: FB)
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Amount: | $549,000
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Maturity: | Oct. 1
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Coupon: | 5.09% annualized, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of Facebook shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $160.06
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Conversion price: | $128.05, 80% of initial price
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Pricing date: | March 26
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Settlement date: | March 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90284B608
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