By Susanna Moon
Chicago, March 6 - UBS AG, London Branch priced $7.15 million of 0% quarterly review notes due March 13, 2014 linked to the Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 18% annualized call premium if the price of Brent crude oil closes at or above the initial level on any review date.
If the notes are not called, the payout at maturity will be par if the final level is at least 80% of the initial level.
Otherwise, investors will be fully exposed to any losses if the price of crude oil falls below the 80% barrier level.
UBS Investment Bank is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Quarterly review notes
|
| Underlying asset: | Brent crude oil futures contract
|
| Amount: | $7,149,000
|
| Maturity: | March 13, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final level is at least barrier level; full exposure to any losses if price drops below barrier level
|
| Call: | At par plus 18% per year if Brent crude oil closes at or above initial level on any review date
|
| Initial level: | $110.40
|
| Barrier level: | 80% of initial price
|
| Pricing date: | March 1
|
| Settlement date: | March 6
|
| Agent: | UBS Investment Bank with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1%
|
| Cusip: | 902674ME7
|
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