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UBS to price airbag autocallable yield notes on Delta Air Lines
By Emma Trincal
New York, June 4 – UBS AG, London Branch plans to price 18% airbag autocallable yield notes due June 8, 2021 linked to the common stock of Delta Air Lines, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called automatically at par if the shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, 50% of the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
The notes priced on June 4 and will settle on June 8.
The Cusip number is 90281K130.
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