Published on 3/10/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $130,000 airbag yield optimization notes on Banco Bradesco
New York, March 10 – UBS AG, London Branch priced $130,000 of 6.74% airbag yield optimization notes due March 15, 2017 linked to the American Depositary Shares of Banco Bradesco SA, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
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 Banco Bradesco shares equal to $1,000 divided by the conversion price. The conversion price is 75% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Banco Bradesco SA (NYSE: BBD)
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Amount: | $130,000
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Maturity: | March 15, 2017
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Coupon: | 6.74%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of Banco Bradesco shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $7.09
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Conversion price: | $5.32, 75% of initial price
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Pricing date: | March 10
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Settlement date: | March 15
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90275P251
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