Published on 4/22/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.12 million airbag yield optimization notes tied to Yelp
New York, April 22 - UBS AG, London Branch priced $1,123,000 of 14.16% annualized airbag yield optimization notes due Oct. 27 linked to the common stock of Yelp Inc., 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 Yelp 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 is the agent.
Issuer: | UBS AG, London Branch
|
Issue: | Airbag yield optimization notes
|
Underlying stock: | Yelp Inc. (NYSE: YELP)
|
Amount: | $1,123,000
|
Maturity: | Oct. 27
|
Coupon: | 14.16% annualized, payable monthly
|
Price: | Par
|
Payout at maturity: | If final share price is less than conversion price, number of Yelp shares equal to $1,000 divided by conversion price; otherwise, par
|
Initial share price: | $68.31
|
Conversion price: | $51.23, 75% of initial price
|
Pricing date: | April 22
|
Settlement date: | April 25
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1%
|
Cusip: | 90272F652
|
© 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.