Published on 5/25/2005 in the Prospect News Convertibles Daily.
New Issue: UBS prices $18.6 million notes linked to S&P 500 index
New York, May 25 - UBS AG priced $18.6 million of notes due Nov. 30, 2006 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity is triple any positive return on the index, capped at a maximum gain of 15.25%, or full exposure to any decline.
UBS Investment Bank and UBS Financial Services Inc. were underwriters.
| Issuer: | UBS AG
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| Issue: | Notes
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| Underlying index: | S&P 500 index
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| Amount: | $18.6 million
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| Maturity: | Nov. 30, 2006
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| Coupon: | 0%
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| Payout at maturity: | Triple any positive return on the index, subject to maximum gain of 15.25%; full exposure to any negative return on the index
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| Underwriter: | UBS Investment Bank, UBS Financial Services Inc.
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| Pricing date: | May 23
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