By Marisa Wong
Madison, Wis., March 19 - UBS AG, London Branch priced $2.75 million of 9.45% airbag autocallable yield optimization notes due March 19, 2015 linked to the common stock of Five Below, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called automatically at par if Five Below 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 Five Below shares equal to $1,000 divided by the conversion price. The conversion price will be 80% 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: | Five Below, Inc. (Symbol: FIVE)
|
| Amount: | $2,753,000
|
| Maturity: | March 19, 2015
|
| Coupon: | 9.45%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, 33.9789 Five Below shares; otherwise, par
|
| Call: | Automatically at par if Five Below shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $36.79
|
| Conversion price: | $29.43, 80% of initial share price
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90272V301
|
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