By Susanna Moon
Chicago, April 9 - UBS AG, London Branch priced $2.23 million of trigger phoenix autocallable optimization securities due April 11, 2018 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 8% if Halliburton stock closes at or above the trigger price - 68.17% of the initial share price - on a monthly observation date.
If the shares close at or above the initial price on a monthly observation date, the notes will be called at par plus the contingent coupon.
The payout at maturity will be par plus the contingent coupon if Halliburton shares finish at or above the trigger price.
Otherwise, investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $2,232,980
|
| Maturity: | April 11, 2018
|
| Coupon: | 8%, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Halliburton shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Halliburton shares close at or above initial price on a monthly observation date
|
| Initial share price: | $38.60
|
| Trigger price: | $26.31, 68.17% of initial price
|
| Pricing date: | April 5
|
| Settlement date: | April 10
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90271C122
|
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