New Issue: UBS prices $3.64 million return optimization securities linked to Asian index basket

By Jennifer Chiou

New York, Nov. 29 - UBS AG priced $3.64 million of zero-coupon return optimization securities due May 29, 2009 linked to a basket of Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will include the Hang Seng, Hang Seng China Enterprises and Kospi 200 indexes, each with a 20% weight; the MSCI Taiwan index with a 15% weight; the MSCI Singapore index with a 10% weight; and the MSCI Malaysia, MSCI Indonesia and MSCI Thailand indexes, each with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 28.5%. Investors will be fully exposed to any basket decline.

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

Issuer:	UBS AG
Issue:	Return optimization securities
Underlying indexes:	Hang Seng, Hang Seng China Enterprises and Kospi 200 (each with a 20% weight); MSCI Taiwan (15% weight); MSCI Singapore (10% weight); MSCI Malaysia, MSCI Indonesia and MSCI Thailand indexes (each with a 5% weight)
Amount:	$3,638,960
Maturity:	May 29, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any basket gain, subject to a maximum return of 28.5%; investors will share in losses
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriters:	UBS Investment Bank, UBS Financial Services Inc.
Fees:	1.75%

© 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.