New Issue: UBS prices $7.51 million 7.95% airbag autocallables on Hewlett-Packard

By Toni Weeks

San Luis Obispo, Calif., Dec. 17 - UBS AG, London Branch priced $7.51 million of 7.95% airbag autocallable yield optimization notes due Dec. 19, 2014 linked to the common stock of Hewlett-Packard Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called automatically at par if Hewlett-Packard 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 Hewlett-Packard shares equal to $1,000 divided by the conversion price. The conversion price is 85% 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:	Hewlett-Packard Co. (Symbol: HPQ)
Amount:	$7,508,000
Maturity:	Dec. 19, 2014
Coupon:	7.95%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, 43.956 Hewlett-Packard shares; otherwise, par
Call:	Automatically at par if Hewlett-Packard shares close at or above initial share price on March 14, June 16, Sept. 16 or Dec. 15, 2014
Initial share price:	$26.77
Conversion price:	$22.75, 85% of initial share price
Pricing date:	Dec. 13
Settlement date:	Dec. 18
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90271R749

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.