Published on 4/26/2016 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 airbag yield optimization notes linked to Twitter
New York, April 26 – UBS AG, London Branch priced $100,000 of 8.66% airbag yield optimization notes due Oct. 31, 2017 linked to the common stock of Twitter, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Twitter shares equal to $1,000 divided by the conversion price. The conversion price is 75% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Twitter, Inc. (NYSE: TWTR)
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Amount: | $100,000
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Maturity: | Oct. 31, 2017
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Coupon: | 8.66%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of Twitter shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $17.75
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Conversion price: | $13.31, 75% of initial price
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Pricing date: | April 26
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Settlement date: | April 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.37%
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Cusip: | 90275V720
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