By Toni Weeks
San Luis Obispo, Calif., May 7 - UBS AG, London Branch priced $6.44 million of 10.7% airbag autocallable yield optimization notes due May 9, 2014 linked to the common stock of Huntsman Corp., 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 Huntsman shares close at or above the initial share price on Aug. 6, Nov. 6, 2013, Feb. 6, 2014 or May 5, 2014.
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 Huntsman shares equal to $1,000 divided by the conversion price. The conversion price is 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: | Huntsman Corp. (Symbol: HUN)
|
| Amount: | $6,438,000
|
| Maturity: | May 9, 2014
|
| Coupon: | 10.7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 67.0241 Huntsman shares
|
| Call: | At par plus accrued interest if Huntsman stock closes at or above initial share price on quarterly call date
|
| Initial share price: | $18.65
|
| Conversion price: | $14.92, 80% of initial share price
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90271C445
|
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