New York, March 29 – UBS AG, London Branch priced $499,950.72 of 17.02% annualized trigger yield optimization notes due Sept. 28 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $119.72, which is equal to the initial share price of the ETF.
Interest is payable monthly.
The payout at maturity will be par unless the final price of the ETF is less than 78% of the initial share price, in which case investors will receive a cash payment per note equal to the final price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $499,950.72
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Maturity: | Sept. 28
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Coupon: | 17.02%, payable monthly
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Price: | Par of $119.72
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Payout at maturity: | If final share price is less than trigger price, cash amount per note equal to final price; otherwise, par
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Initial share price: | $119.72
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Trigger price: | $93.38, 78% of initial price
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Pricing date: | March 24
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Settlement date: | March 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90286J187
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