By Susanna Moon
Chicago, April 15 - UBS AG, London Branch priced $1.44 million of 0% contingent absolute return autocallable optimization securities due April 20, 2015 linked to Silver Wheaton Corp. shares, according to an 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 11.55% if Silver Wheaton stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the trigger price, 72.5% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Silver Wheaton Corp. (Symbol: SLW)
|
| Amount: | $1,438,000
|
| Maturity: | April 20, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to losses
|
| Call: | At par plus 11.55% per year if Silver Wheaton stock closes at or above initial share price on any quarterly observation date
|
| Initial share price: | $22.27
|
| Trigger price: | $16.15, 72.5% of initial share price
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90272V772
|
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