By Susanna Moon
Chicago, June 30 – UBS AG, London Branch priced $1.1 million of trigger phoenix autocallable notes due June 29, 2018 linked to Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of 7% per year if the stock closes at or above its coupon barrier level, 76.5% of its initial price, on an observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial price on any quarterly observation date.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below its 76.5% trigger level, in which case investors will be fully exposed to any losses.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger phoenix autocallable notes
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| Underlying stock: | Oracle Corp. (Symbol: ORCL)
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| Amount: | $1,095,300
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| Maturity: | June 29, 2018
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| Coupon: | 7% per year if each stock closes at or above its barrier level on any quarterly observation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its trigger level, par plus the final contingent coupon; otherwise, full exposure to any losses
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| Call: | At par if each stock closes at or above its initial price on any quarterly observation date
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| Initial price: | $40.99
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| Barrier level: | $31.36, 76.5% of initial price
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| Pricing date: | June 26
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| Settlement date: | June 30
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| Agent: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90275C169
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