By Sarah Lizee
Olympia, Wash., April 20 – UBS AG, London Branch priced $300,000 of 0% airbag return optimization securities due April 20, 2021 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 3 times the gain, with the return capped at 50.65%.
If the stock finishes flat or declines by up to 40%, the payout will par.
Otherwise, investors will lose 1.67% for every 1% share price decline beyond 40%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag return optimization securities
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Underlying stock: | Halliburton Co.
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Amount: | $300,000
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Maturity: | April 20, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any stock gain, with the return capped at 50.65%; if stock finishes flat or falls by up to 40%, par; otherwise, 1.67% loss for every 1% share price decline beyond 40%
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Initial share price: | $6.95
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Threshold level: | 60% of initial level
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Pricing date: | April 15
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Settlement date: | April 17
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90289G123
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