By Susanna Moon
Chicago, Dec. 11 – UBS AG, London Branch priced $4.37 million of trigger phoenix autocallable optimization securities due June 9, 2017 linked to Staples, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.15% if Staples stock closes at or above the trigger level, 60% of the initial level, on an observation date for that quarter.
The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on a quarterly observation date.
The payout at maturity will be par plus the contingent coupon unless Staples shares finish below the 60% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Staples, Inc. (Symbol: SPLS)
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| Amount: | $4,372,370
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| Maturity: | June 9, 2017
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| Coupon: | 12.15% per year, payable quarterly if stock closes at or above trigger price on observation date for that quarter
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus contingent coupon if Staples shares finish at or above trigger level; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if Staples shares close at or above initial price on any quarterly observation date
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| Initial share price: | $12.36
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| Trigger price: | 60% of initial share price
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| Pricing date: | Dec. 4
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| Settlement date: | Dec. 9
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90275L169
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