UBS to price 6%-7.7% airbag autocallables linked to Blackstone

By Jennifer Chiou

New York, Jan. 2 - UBS AG, London Branch plans to price 6% to 7.7% airbag autocallable yield optimization notes due Jan. 15, 2015 linked to the common stock of the Blackstone Group LP, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called automatically at par if Blackstone 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 Blackstone shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

The notes (Cusip: 90271T208) are expected to price on Jan. 10 and settle on Jan. 15.

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

© 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.