New Issue: UBS prices $13.39 million callable step-up notes with 4% initial rate

By Susanna Moon

Chicago, Jan. 12 - UBS AG, Jersey Branch priced $13.39 million of callable step-up fixed-rate notes due Jan. 13, 2027, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% for the first seven years. The rate will step up to 5% on Jan. 13, 2019 and to 7% on Jan. 13, 2024. Interest is payable semiannually.

The payout at maturity will be par.

The notes are callable at par on any interest payment date.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, Jersey Branch
Issue:	Callable step-up fixed-rate notes
Amount:	$13,391,000
Maturity:	Jan. 13, 2027
Coupon:	4% initially, stepping up to 5% on Jan. 13, 2019 and to 7% on Jan. 13, 2024; payable semiannually
Price:	Variable prices
Payout at maturity:	Par
Call option:	At par on any interest payment date
Pricing date:	Jan. 10
Settlement date:	Jan. 13
Underwriter:	UBS Securities LLC
Fees:	None
Cusip:	90261JJS3

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