By Susanna Moon
Chicago, July 1 – UBS AG, London Branch priced $6.97 million of trigger phoenix autocallable optimization securities due June 28, 2019 linked to Whole Foods Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8% if Whole Foods stock closes at or above the trigger level – 71.5% of the initial share price – on an observation date for that month.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any monthly observation date after one year.
The payout at maturity will be par plus the contingent coupon unless Whole Foods stock finishes below the trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Whole Foods Market, Inc. (Symbol: WFM)
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| Amount: | $6,969,100
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| Maturity: | June 28, 2019
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| Coupon: | 8%, payable monthly if stock closes at or above trigger price on observation date for that month
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus contingent coupon if Whole Foods shares finish at or above trigger price; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if Whole Foods shares close at or above initial price on monthly observation date after one year
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| Initial share price: | $38.91
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| Trigger price: | $27.82, 71.5% of initial price
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| Pricing date: | June 26
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| Settlement date: | June 30
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90273E209
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