By Susanna Moon
Chicago, Nov. 22 - UBS AG, Jersey Branch priced $10 million of callable fixed-to-floating notes due Nov. 24, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5.65% for the first three years. After that, the rate will be Libor plus 100 basis points, up to a maximum of 7.5%. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any interest payment date beginning Nov. 24, 2013.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, Jersey Branch
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Issue: | Callable fixed-to-floating notes
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Amount: | $10 million
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Maturity: | Nov. 24, 2025
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Coupon: | 5.65% for three years; thereafter, Libor plus 100 bps, capped at 7.5%; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any interest payment date after three years
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Pricing date: | Nov. 19
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Settlement date: | Nov. 24
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90261JGC1
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