New Issue: UBS prices $532,000 callable step-up notes with 3% initial rate

By Susanna Moon

Chicago, Aug. 22 - UBS AG, Jersey Branch priced $532,000 of callable step-up fixed-rate notes due Aug. 24, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3% for the first four years. It will step up to 3.5% on Aug. 24, 2015 and to 5% on Aug. 24, 2017. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after six months.

UBS Investment Bank is the underwriter.

Issuer:	UBS AG, Jersey Branch
Issue:	Callable step-up fixed-rate notes
Amount:	$532,000
Maturity:	Aug. 24, 2018
Coupon:	3% initially, steps up to 3.5% on Aug. 24, 2015 and to 5% on Aug. 24, 2017; payable semiannually
Price:	Variable
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning on Feb. 24, 2012
Pricing date:	Aug. 19
Settlement date:	Aug. 24
Underwriter:	UBS Investment Bank
Cusip:	90261JHL0

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