By Devika Patel
Knoxville, Tenn., Jan. 18 – UBS AG, London Branch priced $2.89 million of 7.2% airbag autocallable yield notes due Jan. 18, 2019 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called automatically at par if Halliburton shares close at or above the initial share price on any quarterly observation date beginning on April 12, 2018.
The payout at maturity will be par unless the final share price is less than the conversion price, 90% of the initial share price, in which case the payout will be a number of Halliburton shares equal to $1,000 divided by the conversion price, or 20.9074 shares.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Airbag autocallable yield notes
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| Underlying stock: | Halliburton Co. (Symbol: HAL)
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| Amount: | $2,894,000
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| Maturity: | Jan. 18, 2019
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| Coupon: | 7.2%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case 20.9074 Halliburton shares
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| Call: | Automatically at par if Halliburton shares close at or above initial share price on any quarterly observation date beginning April 12, 2018
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| Initial share price: | $53.14
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| Conversion price: | $47.83, 90% of initial share price
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| Pricing date: | Jan. 12
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| Settlement date: | Jan. 18
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90280Y222
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