By Wendy Van Sickle
Columbus, Ohio, June 22 – UBS AG, London Branch priced $10 million of airbag autocallable contingent yield notes due June 15, 2022 linked to the common stock of Las Vegas Sands Corp. according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly at an annualized rate of 14.1% if the stock closes above its coupon barrier, 80% of the initial level, on the related observation date.
The notes will be called automatically at par if the shares close at or above the initial share price on any monthly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, 80% of the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable contingent yield notes
|
| Underlying stock: | Las Vegas Sands Corp.
|
| Amount: | $2,205,000
|
| Maturity: | June 15, 2022
|
| Coupon: | 14.1%, payable monthly if stock closes above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 22.4719 shares
|
| Call: | Automatically at par if the shares close at or above initial share price on any monthly observation date
|
| Initial share price: | $55.63
|
| Coupon barrier: | $44.50, 80% of initial share price
|
| Conversion price: | $44.50, 80% of initial share price
|
| Strike date: | June 11
|
| Pricing date: | June 14
|
| Settlement date: | June 16
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.25%
|
| Cusip: | 90279B126
|
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