By Susanna Moon
Chicago, Nov. 18 – UBS AG, London Branch priced $864,000 of 8.4% airbag autocallable yield optimization notes due Nov. 21, 2016 linked to WhiteWave Foods Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if WhiteWave 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 WhiteWave 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
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Issue: | Airbag autocallable yield optimization notes
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Underlying stock: | WhiteWave Foods Co. (Symbol: WWAV)
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Amount: | $864,000
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Maturity: | Nov. 21, 2016
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Coupon: | 8.4%, 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 29.0023 WhiteWave shares
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Call: | At par if WhiteWave shares close at or above initial share price on any quarterly observation date
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Initial share price: | $40.56
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Conversion price: | 85% of initial share price
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Pricing date: | Nov. 13
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Settlement date: | Nov. 18
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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: | 90275G756
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