By Susanna Moon
Chicago, May 21 - UBS AG, London Branch priced $3.18 million of trigger phoenix autocallable optimization securities due May 23, 2018 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 6% if the price of General Electric stock closes at or above the 67% trigger price on the observation date for that month.
If the stock closes at or above the initial price on any quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and the General Electric share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | General Electric Co. (Symbol: GE)
|
| Amount: | $3,175,520
|
| Maturity: | May 23, 2018
|
| Coupon: | 6%, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Agilent shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Agilent shares close at or above initial price on a quarterly observation date
|
| Initial share price: | $23.46
|
| Trigger price: | $15.72, 67% of initial price
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90271C577
|
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