New York, Dec. 8 – UBS AG, London Branch priced $1.01 million contingent income autocallable securities due June 3, 2016 linked to the S&P GSCI Crude Oil-Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the downside threshold level, 75% of the initial unit price, on a monthly determination date, the notes will pay a contingent payment that month at an annualized rate of 16.25%.
The notes will be called at par of $10 plus the contingent coupon if the index closes at or above its initial level on any monthly determination date other than the final determination date.
If the final index level is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
UBS Securities LLC and Morgan Stanley Wealth Management are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying index: | S&P GSCI Crude Oil-Excess Return index
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| Amount: | $1,005,000
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| Maturity: | June 3, 2016
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| Coupon: | 16.25% per year, payable monthly if the index closes at or above downside threshold level on determination date for that month
|
| Price: | Par of $10.00
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| Payout at maturity: | If final index level is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that the final index level is less than the initial level
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| Call: | At par plus contingent coupon if the index closes at or above initial level on any monthly determination date other than final determination date
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| Initial level: | 187.9436
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| Downside threshold: | 140.9577, 75% of initial unit price
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Agents: | UBS Securities LLC and Morgan Stanley Wealth Management
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| Fees: | 1.25%
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| Cusip: | 90270KGB9
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