By Marisa Wong
Madison, Wis., Sept. 30 - UBS AG, London Branch priced $3 million of 0% trigger autocallable optimization securities due Sept. 28, 2018 linked to Microsoft Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 9% per year if Microsoft shares close at or above the initial share price on any quarterly observation date after one year.
If the notes are not called and Microsoft shares finish at or above the trigger price, 63.5% of the initial share price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Microsoft Corp. (Symbol: MSFT)
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Amount: | $3 million
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Maturity: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par if Microsoft shares finish at or above trigger price; otherwise, full exposure to share price decline
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Call: | At par plus 9% per year if Microsoft shares close at or above initial share price on any quarterly observation date after one year
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Initial share price: | $32.77
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Trigger price: | $20.81, 63.5% of initial price
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Pricing date: | Sept. 26
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Settlement date: | Sept. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90271M534
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