By Jennifer Chiou
New York, Dec. 2 - UBS AG, London Branch priced $1,499,991.94 of 19.1% trigger autocallable yield optimization notes due Nov. 28, 2014 linked to the common stock of GT Advanced Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $9.86, which is equal to the initial share price of GT Advanced stock.
Interest is payable monthly.
The notes will be called at par plus accrued interest if GT Advanced shares close at or above the initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final price of GT Advanced stock is less than 50% of the initial share price, in which case investors will receive one GT Advanced share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable yield optimization notes
|
| Underlying stock: | GT Advanced Technologies Inc. (Nasdaq: GTAT)
|
| Amount: | $1,499,991.94
|
| Maturity: | Nov. 28, 2014
|
| Coupon: | 19.1%, payable monthly
|
| Price: | Par of $9.86
|
| Payout at maturity: | If final share price is less than trigger price, one GT Advanced share; otherwise, par
|
| Call: | Automatically at par plus accrued interest if GT Advanced shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $9.86
|
| Trigger price: | $4.93, 50% of initial price
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90271R558
|
© 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.
