By Susanna Moon
Chicago, July 14 – UBS AG, London Branch priced $2.1 million of 9% airbag autocallable yield optimization notes due July 15, 2016 linked to Avago Technologies Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if Avago 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 Avago shares equal to $1,000 divided by the conversion price. The conversion price is 82% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Airbag autocallable yield optimization notes
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| Underlying stock: | Avago Technologies Ltd. (Symbol: AVGO)
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| Amount: | $2,101,000
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| Maturity: | July 15, 2016
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| Coupon: | 9%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case 9.3923 Avago shares
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| Call: | At par if shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $129.84
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| Conversion price: | $106.47, 82% of initial share price
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| Pricing date: | July 10
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| Settlement date: | July 15
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90275C334
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