New Issue: UBS prices $3.5 million airbag autocallables linked to Facebook stock

By Devika Patel

Knoxville, Tenn., Jan. 21 – UBS AG priced $3.5 million of 9.8% airbag autocallable yield optimization notes due Jan. 23, 2017 linked to Facebook, Inc. 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 Facebook 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 Facebook 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
Issue:	Airbag autocallable yield optimization notes
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$3,499,000
Maturity:	Jan. 23, 2017
Coupon:	9.8%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, 12.3885 Facebook shares; otherwise, par
Call:	At par if Facebook shares close at or above initial share price on any quarterly observation date
Initial share price:	$94.97
Conversion price:	$80.72, 85% of initial share price
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90275L417

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.