By Marisa Wong
Morgantown, W.Va., Oct. 6 – UBS AG, London Branch priced $1.69 million of contingent income autocallable securities due Oct. 6, 2016 linked to the S&P GSCI Crude Oil Index Excess Return, 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 level, on a quarterly determination date, the notes will pay a contingent payment that quarter at the rate of 21.75% per year.
The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly determination date other than the final determination date.
If the final 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 level is less than the initial level.
UBS Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
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| Underlying index: | S&P GSCI Crude Oil Index Excess Return
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| Amount: | $1,694,000
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| Maturity: | Oct. 6, 2016
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| Coupon: | 21.75% per year, payable quarterly if the index closes at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $1,000
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| Payout at maturity: | If final level is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final level is less than initial level
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly determination date other than final determination date
|
| Initial index level: | 211.6122
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| Downside threshold: | 158.7092, 55% of initial level
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | UBS Securities LLC
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| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 1.75%
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| Cusip: | 90270KFU8
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