New Issue: UBS prices $100,000 airbag yield optimization notes linked to Twitter

New York, Aug. 22 – UBS AG, London Branch priced $100,000 of 8.09% airbag yield optimization notes due Feb. 27, 2018 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 80% of the initial share price.

UBS Financial Services Inc. and UBS Investment Bank is the agent.

Issuer:	UBS AG, London Branch
Issue:	Airbag yield optimization notes
Underlying stock:	Twitter, Inc. (NYSE: TWTR)
Amount:	$100,000
Maturity:	Feb. 27, 2018
Coupon:	8.09%, payable monthly
Price:	Par
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
Initial share price:	$18.55
Conversion price:	$14.84, 80% of initial price
Pricing date:	Aug. 22
Settlement date:	Aug. 25
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.37%
Cusip:	90279J665

© 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.