By Susanna Moon
Chicago, June 23 – UBS AG, London Branch priced $781,000 of 0% contingent absolute return autocallable optimization securities due June 28, 2016 linked to HCA Holdings, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 10.1% if HCA shares close at or above the initial price on any quarterly observation date.
If the stock finishes at or above the trigger level, 80% of the initial price, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | HCA Holdings, Inc. (Symbol: HCA)
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| Amount: | $781,000
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| Maturity: | June 28, 2016
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If stock finishes at or above trigger level, par plus absolute value of stock return; otherwise, full exposure to any losses
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| Call: | At par plus 10.1% per year if HCA shares close at or above initial level on any quarterly observation date
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| Initial share price: | $84.40
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| Trigger price: | $67.52, 80% of initial price
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90274T833
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