New York, May 10 - UBS AG, London Branch priced $299,523.00 of 8.09% annualized trigger yield optimization notes due Nov. 15 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $570.52, which is equal to the initial share price of Apple stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Apple stock is less than 80% of the initial share price, in which case investors will receive one Apple share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $299,523.00
|
| Maturity: | Nov. 15
|
| Coupon: | 8.09%, payable monthly
|
| Price: | Par of $570.52
|
| Payout at maturity: | If final share price is less than trigger price, one Apple share; otherwise, par
|
| Initial share price: | $570.52
|
| Trigger price: | $456.42, 80% of initial price
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90267S644
|
© 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.
