New Issue: UBS prices $99,997 11.03% trigger yield optimization notes on Lyft

New York, June 15 – UBS AG, London Branch priced $99,997.92 of 11.03% trigger yield optimization notes due June 17, 2022 linked to the common stock of Lyft, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $58.41, which is equal to the initial share price of Lyft stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Lyft stock is less than 75% of the initial share price, in which case investors will receive one Lyft share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Lyft, Inc. (Nasdaq: LYFT)
Amount:	$99,997.92
Maturity:	June 17, 2022
Coupon:	11.03%, payable monthly
Price:	Par of $58.41
Payout at maturity:	If final share price is less than trigger price, one Lyft share; otherwise, par
Initial share price:	$58.41
Trigger price:	$43.81, 75% of initial price
Pricing date:	June 14
Settlement date:	June 16
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90300B681

© 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.