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Published on 2/28/2014 in the Prospect News Structured Products Daily.

New Issue: UBS prices $4.77 million trigger performance notes tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - UBS AG, London Branch priced $4.77 million of 0% trigger performance securities due Feb. 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 142% of the index return.

Investors will receive par if the index falls by 40% or less and will be fully exposed to losses from the initial level if it falls by more than 40%.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Trigger performance securities
Underlying index:Euro Stoxx 50
Amount:$4,765,650
Maturity:Feb. 28, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 142% of any index gain; par if index falls by 40% or less; full exposure to losses if index finishes below trigger level
Initial index level:3,148.19
Trigger level:1,888.91, 60% of initial level
Pricing date:Feb. 26
Settlement date:Feb. 28
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:3.5%
Cusip:90271T620

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