By Angela McDaniels
Tacoma, Wash., June 4 - UBS AG, London Branch plans to price 0% outperformance jump securities due June 4, 2015 linked to the performance of the SPDR S&P 500 ETF Trust relative to the iShares Barclays 20+ Year Treasury Bond Fund, according to an FWP filing with the Securities and Exchange Commission.
If the equity trust's return is greater than the bond fund's return, the payout at maturity will be par of $10 plus 16.5%.
If the equity trust's return is equal to the bond fund's return, the payout will be par.
If the equity trust's return is less than the bond fund's return, the payout will be par plus the outperformance return, which equals the equity trust's return minus the bond fund's return. In this case, the payout will be less than par.
UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
| Issuer: | UBS AG, London Branch
|
| Issue: | Outperformance jump securities
|
| Underlyings: | SPDR S&P 500 ETF Trust and iShares Barclays 20+ Year Treasury Bond Fund
|
| Amount: | $3,072,440
|
| Maturity: | June 4, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If equity trust's return is greater than bond fund's return, par plus 16.5%; if equity trust's return is equal to bond fund's return, par; otherwise, par plus outperformance return, which equals equity trust's return minus bond fund's return
|
| Initial prices: | $163.24 for equity fund and $114.49 for bond fund
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | UBS Securities LLC
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.25%
|
| Cusip: | 90271C528
|
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