New York, Feb. 25 - UBS AG, London Branch priced $99,963.03 of 7.89% annualized trigger yield optimization notes due Dec. 26 linked to the common stock of Las Vegas Sands Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $50.41, which is equal to the initial share price of Las Vegas Sands stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Las Vegas Sands stock is less than 75% of the initial share price, in which case investors will receive one Las Vegas Sands 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: | Las Vegas Sands Corp. (NYSE: LVS)
|
| Amount: | $99,963.03
|
| Maturity: | Dec. 26
|
| Coupon: | 7.89%, payable monthly
|
| Price: | Par of $50.41
|
| Payout at maturity: | If final share price is less than trigger price, one Las Vegas Sands share; otherwise, par
|
| Initial share price: | $50.41
|
| Trigger price: | $37.81, 75% of initial price
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90271E342
|
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