New York, March 4 - UBS AG, London Branch priced $129,992 of 8.15% annualized trigger yield optimization notes due Dec. 26 linked to the American Depositary Shares of Petróleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $14.45, which is equal to the initial ADS price.
Interest is payable monthly.
The payout at maturity will be par unless the final ADS price is less than 83% of the initial share price, in which case investors will receive one ADS 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: | American Depositary Shares of Petróleo Brasileiro SA (NYSE: PBR)
|
| Amount: | $129,992
|
| Maturity: | Dec. 26
|
| Coupon: | 8.15%, payable monthly
|
| Price: | Par of $14.45
|
| Payout at maturity: | If final ADS price is less than trigger price, one ADS; otherwise, par
|
| Initial share price: | $14.45
|
| Trigger price: | $11.99, 83% of initial price
|
| Pricing date: | March 4
|
| Settlement date: | March 7
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.35%
|
| Cusip: | 90271E847
|
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