By Susanna Moon
Chicago, March 24 – UBS AG, London Branch priced $2.7 million of 0% contingent absolute return autocallable optimization securities due March 31, 2016 linked to class A shares of Apollo Global Management, LLC, 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 12.5% if Apollo shares close at or above the initial price on any quarterly observation date.
If the notes are not called and the stock finishes at or above the trigger level, 75% 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 underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Apollo Global Management, LLC (Symbol: APO)
|
| Amount: | $2,702,800
|
| Maturity: | March 31, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If stock finishes at or above trigger level, par plus absolute value of stock return; otherwise, full exposure to any losses
|
| Call: | At par plus 12.5% per year if Apollo shares close at or above initial level on any quarterly observation date
|
| Initial level: | $22.24
|
| Trigger level: | $16.68, 75% of initial price
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90274P625
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
