New Issue: UBS prices $13.85 million absolute return notes linked to Russell 2000

By Jennifer Chiou

New York, Jan. 30 - UBS AG priced $13.85 million of zero-coupon 100% principal protection absolute return barrier notes due July 31, 2009 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above or below its initial level by more than 29.5% at any time during the life of the notes, the payout at maturity will be par. Otherwise, the payout will be par plus the absolute value of the index return.

UBS Investment Bank and UBS Financial Services Inc. are the underwriters.

Issuer:	UBS AG
Issue:	100% principal protection absolute return barrier notes
Underlying index:	Russell 2000
Amount:	$13,852,560
Maturity:	July 31, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par if index ever closes above or below initial level by more than 29.5%; otherwise, par plus absolute value of index return
Initial level:	702.39
Lower index barrier:	495.18, 70.5% of initial level
Upper index barrier:	909.60, 129.5% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Underwriters:	UBS Investment Bank, UBS Financial Services Inc.
Fees:	1.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.