Published on 6/16/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $375,000 airbag yield optimization notes on Alibaba Group
New York, June 16 – UBS AG, London Branch priced $375,000 of 4.01% airbag yield optimization notes due June 21, 2016 linked to the American depositary shares of Alibaba Group Holding Ltd., 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 Alibaba Group shares equal to $1,000 divided by the conversion price. The conversion price is 87.5% 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: | Alibaba Group Holding Ltd. (Symbol: BABA)
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Amount: | $375,000
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Maturity: | June 21, 2016
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Coupon: | 4.01%, 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 Alibaba Group shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $86.09
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Conversion price: | $75.33, 87.5% of initial price
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Pricing date: | June 16
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Settlement date: | June 19
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90274W455
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