By Jennifer Chiou
New York, Dec. 2 - UBS AG, London Branch priced $1,499,990.94 of 13.05% trigger autocallable yield optimization notes due Nov. 28, 2014 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $44.82, which is equal to the initial share price of Facebook stock.
Interest is payable monthly.
The notes will be called at par plus accrued interest if Facebook shares close at or above the initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final price of Facebook stock is less than 70% of the initial share price, in which case investors will receive one Facebook share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable yield optimization notes
|
| Underlying stock: | Facebook, Inc. (Nasdaq: FB)
|
| Amount: | $1,499,990.94
|
| Maturity: | Nov. 28, 2014
|
| Coupon: | 13.05%, payable monthly
|
| Price: | Par of $44.82
|
| Payout at maturity: | If final share price is less than trigger price, one Facebook share; otherwise, par
|
| Call: | Automatically at par plus accrued interest if Facebook shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $44.82
|
| Trigger price: | $31.37, 70% of initial price
|
| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90271R541
|
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