By Susanna Moon
Chicago, Jan. 14 - UBS AG, London Branch priced $5.45 million of 7.41% airbag autocallable yield optimization notes due Jan. 15, 2015 linked to Hewlett-Packard Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called 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
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Issue: | Airbag autocallable yield optimization notes
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Underlying stock: | Hewlett-Packard Co. (Symbol: HPQ)
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Amount: | $5,447,000
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Maturity: | Jan. 15, 2015
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Coupon: | 7.41%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, 42.4628 Hewlett-Packard shares; otherwise, par
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Call: | At par if Hewlett-Packard shares close at or above initial share price on any quarterly date
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Initial share price: | $27.70
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Conversion price: | $23.55, 85% of initial share price
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Pricing date: | Jan. 10
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Settlement date: | Jan. 15
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90271T190
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