By Marisa Wong
Madison, Wis., May 29 - Deutsche Bank AG, London Branch priced $5.89 million of 0% airbag performance securities due June 3, 2019 linked to the common stock of Exxon Mobil Corp., according to an FWP filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 180% of the stock return.
If the stock return is negative but not less than negative 20%, the payout will be par.
If the return is less than negative 20%, investors will lose 1.25% for every 1% decline beyond the 20% threshold.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag performance securities
|
| Underlying stock: | Exxon Mobil Corp. (Symbol: XOM)
|
| Amount: | $5,889,000
|
| Maturity: | June 3, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock return is positive, par plus 180% of gain; if return is negative but not less than negative 20%, par; otherwise, investors will lose 1.25% for every 1% decline beyond 20% threshold
|
| Initial price: | $101.06
|
| Pricing date: | May 28
|
| Settlement date: | May 30
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 3.5%
|
| Cusip: | 25155Q383
|
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