By Jennifer Chiou
New York, Oct. 19 - UBS AG, Jersey Branch priced $5.84 million of callable step-up fixed-rate notes due Oct. 20, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4.5% in years one through eight, 5% in years nine through 12 and 6% in years 13 through 15. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on any interest payment date beginning on April 20, 2012.
UBS Investment Bank is the underwriter.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $5,839,000
|
| Maturity: | Oct. 20, 2026
|
| Coupon: | 4.5% in years one through eight, 5% in years nine through 12 and 6% in years 13 through 15; payable semiannually
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning on April 20, 2012
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 20
|
| Underwriter: | UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90261JHT3
|
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