By Marisa Wong
Madison, Wis., Oct. 27 - UBS AG, London Branch priced $3.29 million of 0% performance securities with contingent protection due Oct. 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 108.25% of the return.
If the index return is between zero and negative 30%, the payout will be par.
If the index return is less than negative 30%, the payout will be par plus the return.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Performance securities with contingent protection
|
| Underlying index: | S&P 500
|
| Amount: | $3,285,670
|
| Maturity: | Oct. 31, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 108.25% of any positive index return; par if index finishes above trigger level; par plus index return if index falls below trigger level
|
| Initial index level: | 1,185.64
|
| Trigger level: | 829.95, 70% of initial level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90267F170
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
