By Marisa Wong
Morgantown, W.Va., Sept. 29 – UBS AG, London Branch priced $5.65 million of 7.3% airbag autocallable yield notes due Oct. 4, 2017 linked to the common stock of Celgene Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the stock closes at or above its initial price on a quarterly observation date, the notes will be automatically called at par plus the coupon.
If the notes are not called and the stock finishes at or above the conversion level, 88% of the initial price, the payout at maturity will be par. If the stock finishes below the conversion level, investors will receive a number of shares of Celgene stock equal to $1,000 divided by the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | Celgene Corp. (Symbol: CELG)
|
| Amount: | $5,648,000
|
| Maturity: | Oct. 4, 2017
|
| Coupon: | 7.3%, payable monthly
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the stock finishes at or above the conversion level, par; otherwise, 10.3842 shares of Celgene stock
|
| Call: | Automatically at par plus the coupon if the stock closes at or above its initial price on a quarterly observation date
|
| Initial price: | $109.43
|
| Conversion level: | $96.30, 88% of initial price
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90275Y450
|
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