By Susanna Moon
Chicago, Oct. 1 - UBS AG, London Branch priced $5.03 million of 10% airbag autocallable yield optimization notes due Sept. 30, 2014 linked to First Solar, Inc. shares, according to a 424B2 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 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, in which case the payout will be a number of First Solar shares equal to $1,000 divided by the conversion price. The conversion price is 65% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | First Solar, Inc. (Symbol: FSLR)
|
| Amount: | $5,033,000
|
| Maturity: | Sept. 30, 2014
|
| Coupon: | 10%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 38.0373 First Solar shares
|
| Call: | At par plus accrued interest if First Solar stock closes at or above initial share price on quarterly call date
|
| Initial share price: | $40.45
|
| Conversion price: | $26.29, 65% of initial share price
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90271M526
|
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