By Angela McDaniels
Tacoma, Wash., Nov. 25 – UBS AG, London Branch priced $4.15 million contingent income autocallable securities due Nov. 28, 2016 linked to the common units of Blackstone Group LP, according to a 424B2 filing with the Securities and Exchange Commission.
If Blackstone units close at or above the downside threshold level, 80% of the initial unit price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 15.8%.
The notes will be called at par of $10 plus the contingent coupon if Blackstone units close at or above the initial unit price on any quarterly determination date other than the final determination date.
If the final unit price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final unit price is less than the initial unit price.
UBS Securities LLC and Morgan Stanley Wealth Management are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying units: | Blackstone Group LP (Symbol: BX)
|
| Amount: | $4,150,200
|
| Maturity: | Nov. 28, 2016
|
| Coupon: | 15.8% per year, payable quarterly if Blackstone units close at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final unit price is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that the final unit price is less than the initial unit price
|
| Call: | At par plus contingent coupon if Blackstone units close at or above initial unit price on any quarterly determination date other than final determination date
|
| Initial unit price: | $31.18
|
| Downside threshold: | $24.94, 80% of initial unit price
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 25
|
| Agents: | UBS Securities LLC and Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 90275G798
|
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