By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – UBS AG, London Branch priced $701,000 of 7.3% 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 is payable monthly.
The notes will be called automatically 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 54.3478 Hewlett Packard shares per $1,000 note. The conversion price is 84% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Airbag autocallable yield notes
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Underlying stock: | Hewlett Packard Enterprise Co. (Symbol: HPE)
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Amount: | $701,000
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Maturity: | Aug. 10, 2017
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Coupon: | 7.3%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless final share price is less than conversion price, in which case 54.3478 Hewlett Packard shares per $1,000 note
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Call: | Automatically at par if Hewlett Packard shares close at or above initial share price on any quarterly observation date
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Initial share price: | $21.91
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Conversion price: | $18.40, 84% of initial share price
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Pricing date: | Aug. 5
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Settlement date: | Aug. 10
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90275Y229
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