UBS to price 6%-8% airbag autocallables linked to Hewlett Packard

By Marisa Wong

Morgantown, W.Va., Aug. 4 – UBS AG, London Branch plans to price 6% to 8% airbag autocallable yield notes due Aug. 10, 2017 linked to the common stock of Hewlett Packard Enterprise Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be automatically called at par if Hewlett Packard shares close at or above the initial share price on any quarterly observation date.

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 Hewlett Packard shares equal to $1,000 divided by the conversion price. The conversion price will be 84% of the initial share price.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price Aug. 5.

The Cusip number is 90275Y229.

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