By Wendy Van Sickle
Columbus, Ohio, June 24 – UBS AG, London Branch priced $5.41 million of 9% airbag autocallable yield notes due June 20, 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 quarterly.
The notes will be called automatically at par if the shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, 85% 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 yield notes
|
| Underlying stock: | Las Vegas Sands Corp.
|
| Amount: | $5,412,000
|
| Maturity: | June 20, 2022
|
| Coupon: | 9%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 21.1461 shares
|
| Call: | Automatically at par if the shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $55.63
|
| Conversion price: | $47.29, 85% of initial share price
|
| Pricing date: | June 11
|
| Settlement date: | June 16
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90278Y853
|
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