Published on 6/7/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $200,000 airbag yield optimization notes on VanEck Vectors
New York, June 7 – UBS AG, London Branch priced $200,000 of 3.9% airbag yield optimization notes due June 12, 2018 linked to the shares of VanEck Vectors Gold Miners exchange-traded fund, 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 VanEck Vectors shares equal to $1,000 divided by the conversion price. The conversion price is 60% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying ETF: | VanEck Vectors Gold Miners ETF
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Amount: | $200,000
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Maturity: | June 12, 2018
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Coupon: | 3.9%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of VanEck Vectors shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $25.11
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Conversion price: | $15.07, 60% of initial price
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Pricing date: | June 7
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Settlement date: | June 10
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.38%
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Cusip: | 90275X445
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