By Wendy Van Sickle
Columbus, Ohio, March 15 – UBS AG, London Branch priced $2.37 million of contingent income autocallable securities due March 14, 2019 linked to the common stock of HCA Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.15% if the stock closes at or above its coupon barrier level, 75% of its initial index level, on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial index level on any of the first 11 determination dates.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below its 75% downside threshold level, in which case investors will be fully exposed to any losses.
UBS Securities LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | HCA Holdings, Inc.
|
| Amount: | $2,373,500
|
| Maturity: | March 14, 2019
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| Coupon: | 10.15% annualized for each quarter that stock closes at or above downside threshold level on determination date for the quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus the final contingent coupon unless the shares finish below the downside threshold level, in which case full exposure to any losses
|
| Call: | At par plus contingent coupon if the shares closes at or above initial price on any determination date other than final date
|
| Initial price: | $74.95
|
| Coupon barrier/downside threshold: $56.21, 75% of initial price
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | UBS Securities LLC
|
| Distributor: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.5%
|
| Cusip: | 90275L862
|
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