By E. Janene Geiss
Philadelphia, Jan. 29 - UBS AG priced $5,990,470 of 0% performance securities with contingent protection due Jan. 31, 2013 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones Euro Stoxx 50 with a 35% weight, the FTSE 100 with a 25% weight, the Nikkei 225 with a 25% weight, the Swiss Market Index with a 5% weight, the S&P/ASX 200 with a 5% weight and the MSCI Emerging Markets index with a 5% weight.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus 128% of any basket gain.
If the final basket level is less than the initial basket level, investors will be fully exposed to the decline if the basket ever closes below the trigger level - 50% of its initial level - during the life of the securities. If the basket remains above the trigger level, investors will receive par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Performance securities with contingent protection
|
| Underlying index: | Basket consisting of the Dow Jones Euro Stoxx 50 (35% weight), FTSE 100 (25% weight), Nikkei 225 (25% weight), Swiss Market Index (5% weight), S&P/ASX 200 (5% weight) and MSCI Emerging Markets index (5% weight)
|
| Amount: | $5,990,470
|
| Maturity: | Jan. 31, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 128% of any basket gain; par if final basket level is below initial level but the basket never closes below trigger level; otherwise, par minus basket decline
|
| Initial basket level: | 100
|
| Trigger level: | 50% of initial basket level
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
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