Published on 8/1/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.69 million 13-month PLUS linked to basket of 15 stocks
By Susanna Moon
Chicago, Aug. 1 - UBS AG, London Branch priced $3.69 million of 0% Performance Leveraged Upside Securities due Sept. 5, 2013 linked to a basket of 15 equally weighted common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Anadarko Petroleum Corp., Apple Inc., Calpine Corp., Honeywell International Inc., JPMorgan Chase & Co., Kraft Foods Inc., Marsh & McLennan Companies, Inc., Penn National Gaming, Inc., Thermo Fisher Scientific Inc., United Technologies Corp., UnitedHealth Group Inc., V.F. Corp., Visa Inc., Watson Pharmaceuticals, Inc. and Williams Cos., Inc.
The payout at maturity will be par of $10.00 plus triple any gain in the basket, up to a maximum return of $11.57 per note.
Investors will be exposed to any losses.
UBS Securities LLC is the agent, and Morgan Stanley Smith Barney LLC is the dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | Anadarko Petroleum Corp., Apple Inc., Calpine Corp., Honeywell International Inc., JPMorgan Chase & Co., Kraft Foods Inc., Marsh & McLennan Companies, Inc., Penn National Gaming, Inc., Thermo Fisher Scientific Inc., United Technologies Corp., UnitedHealth Group Inc., V.F. Corp., Visa Inc., Watson Pharmaceuticals, Inc. and Williams Cos., Inc.
|
| Amount: | $3,686,520
|
| Maturity: | Sept. 5, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 15.7%; exposure to any losses
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 2
|
| Agent: | UBS Securities LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2%
|
| Cusip: | 90268U721
|
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