By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – UBS AG, London Branch priced $2.75 million of 7.5% airbag autocallable yield notes due Aug. 10, 2017 linked to the common stock of Broadcom Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if Broadcom 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 7.0822 Broadcom shares per $1,000 note. The conversion price is 83% 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 notes
|
| Underlying stock: | Broadcom Ltd. (Symbol: AVGO)
|
| Amount: | $2,752,000
|
| Maturity: | Aug. 10, 2017
|
| Coupon: | 7.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 7.0822 Broadcom shares per $1,000 note
|
| Call: | Automatically at par if Broadcom shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $170.12
|
| Conversion price: | $141.20, 83% of initial share price
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 10
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90275Y211
|
|
|
© 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.
