By Laura Lutz
Des Moines, March 28 - UBS AG priced a $6.26 million issue of 0% performance securities with contingent protection due March 29, 2013 linked to a basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 25% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 5% weight, the S&P/ASX 200 index with a 5% weight and the MSCI Emerging Markets index with a 5% weight.
If the final basket level is at least the initial level, the payout will be par plus 132% of any basket gain.
If the final return is negative and the basket closes below its trigger level - 50% of its initial level - on any day during the life of the notes, the payout at maturity will be par times the index performance.
If the final return is negative and the basket stays at or above the trigger level, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.
| Issuer: | UBS AG
|
| Issue: | 0% performance securities with contingent protection
|
| Underlying basket: | Dow Jones Euro Stoxx 50 with 40% weight, FTSE 100 with 25% weight, Nikkei 225 with 20% weight, Swiss Market with 5% weight, S&P/ASX 200 with 5% weight and MSCI Emerging Markets with 5% weight
|
| Amount: | $6,258,160
|
| Maturity: | March 29, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 132% of any positive return if index gains; if index falls below trigger level during life of notes and finishes below initial level, par times index performance; otherwise, par
|
| Trigger level: | 676.99, 50% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 3.5%
|
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