By Jennifer Chiou
New York, May 2 - UBS AG, London Branch priced $2,925,960 of 0% trigger autocallable optimization securities due April 30, 2018 linked to the WisdomTree Japan hedged equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing share price is equal to or greater than the initial price on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 8%.
If the notes are not called and the final price is greater than or equal to 63% of the initial level, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying fund: | WisdomTree Japan hedged equity fund
|
| Amount: | $2,925,960
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| Maturity date: | April 30, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par if the final price is greater than or equal to 63% of the initial level; otherwise, exposure to losses
|
| Call: | At par plus 8% per year if closing share price is equal to or greater than the initial price on any quarterly observation date after one year
|
| Initial price: | $47.42
|
| Trigger price: | $29.87, 63% of the initial price
|
|
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90271C205
|
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