By Angela McDaniels
Tacoma, Wash., May 29 - UBS AG, Jersey Branch priced $1.3 million of 0% market plus notes due June 6, 2014 linked to the performance of the Indian rupee relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The currency return will be positive if the rupee appreciates relative to the yen.
If the currency return is greater than or equal to negative 10%, the payout at maturity will be par plus the greater of the currency return and 11.1%. Otherwise, investors will lose an amount that is proportionate to the negative currency return.
UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Market plus notes
|
| Underlying currency: | Indian rupee measured relative to Japanese yen
|
| Amount: | $1.3 million
|
| Maturity: | June 6, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is greater than or equal to negative 10%, par plus greater of currency return and 11.1%; otherwise, investors will lose amount that is proportionate to negative currency return
|
| Initial spot rate: | 1.8303 yen per rupee
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Underwriter: | UBS Investment Bank
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 90261JLF8
|
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