UBS plans 6%-7.6% airbag autocallable yield notes on DISH Network

By Marisa Wong

Madison, Wis., Jan. 21 – UBS AG, London Branch plans to price airbag autocallable yield optimization notes due Jan. 28, 2016 linked to the common stock of DISH Network Corp., according to an FWP with the Securities and Exchange Commission.

The interest rate is expected to be 6% to 7.6% and will be set at pricing. Interest will be payable monthly.

The notes will be called automatically at par if DISH Network shares close at or above the initial share price on any quarterly observation date.

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 DISH Network shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Jan. 23 and settle on Jan. 28.

The Cusip number is 90274F767.

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