By Angela McDaniels
Tacoma, Wash., Sept. 7 - UBS AG, Jersey Branch priced $4.09 million of callable step-up fixed-rate notes due Sept. 9, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 4% in years one through eight, 5% in years nine through 12 and 7% in years 12 through 15. Interest is payable semiannually.
The payout at maturity will be par.
Beginning March 9, 2012, the notes will be callable at par on any interest payment date.
UBS Investment Bank is the underwriter.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $4,085,000
|
| Maturity: | Sept. 9, 2026
|
| Coupon: | 4% in years one through eight, 5% in years nine through 12 and 7% in years 12 through 15; payable semiannually
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from March 9, 2012 onward
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 9
|
| Underwriter: | UBS Investment Bank
|
| Fees: | Up to 4%
|
| Cusip: | 90261JHM8
|
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