By Marisa Wong
Morgantown, W.Va., April 10 – UBS AG, London Branch priced $110,000 of 0% airbag performance notes due April 6, 2022 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock’s return is positive, the payout at maturity will be par plus 163.734589% of the gain.
If the stock’s return is zero or negative but the final share price is greater than or equal to the conversion level, 90% of the initial share price, the payout will be par.
If the final share price is less than the conversion level, investors will receive a number of Qualcomm shares equal to $1,000 divided by the conversion level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Airbag performance securities
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| Underlying stock: | Qualcomm Inc. (Symbol: QCOM)
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| Amount: | $110,000
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| Maturity: | April 6, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock’s return is positive, par plus 163.734589% of gain; if stock’s return is zero or negative but greater than or equal to negative 10%, par; if final share price is less than conversion level, 19.425 Qualcomm shares
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| Initial price: | $57.20
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| Conversion level: | $51.48, 90% of initial price
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| Pricing date: | March 30
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| Settlement date: | April 4
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 3.5%
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| Cusip: | 90277C381
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