By Jennifer Chiou
New York, Feb. 24 - UBS AG, Jersey Branch priced $3.45 million of 0% performance securities with contingent protection due Feb. 27, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the iShares MSCI EAFE index fund with a 70% weight and the iShares MSCI Emerging Markets index fund with a 30% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 108% of the basket return. If the basket return is between zero and negative 50%, the payout will be par.
If the basket return is less than negative 50%, the payout will be par plus the basket return.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Performance securities with contingent protection
|
| Underlying funds: | iShares MSCI EAFE index fund (70% weight) and the iShares MSCI Emerging Markets index fund (30% weight)
|
| Amount: | $3,450,200
|
| Maturity: | Feb. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 108% of any positive basket return; par if the basket return is between zero and negative 50%; par plus the basket return if the basket return is less than negative 50%
|
| Initial fund levels: | $52.27 for iShares MSCI EAFE index fund and $38.51 for the iShares MSCI Emerging Markets index fund
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 902661800
|
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