By Marisa Wong
Madison, Wis., Sept. 30 - UBS AG, London Branch priced $263,300 of trigger phoenix autocallable optimization securities due March 31, 2015 linked to Nvidia Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Nvidia stock closes at or above the trigger price - 75% of the initial share price - on a quarterly observation date, the notes will pay a contingent coupon for that quarter at the rate of 10.2% per year. Otherwise, no coupon will be paid that quarter.
The notes will be called at par plus the contingent coupon if Nvidia shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and Nvidia shares finish at or above the trigger price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Nvidia Corp. (Symbol: NVDA)
|
| Amount: | $263,300
|
| Maturity: | March 31, 2015
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| Coupon: | 10.2% per year, payable if Nvidia stock closes at or above trigger price on quarterly observation date; otherwise, no coupon will be paid that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par if Nvidia shares finish at or above trigger price; otherwise, full exposure to share price decline
|
| Call: | At par plus contingent coupon if Nvidia shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $15.67
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| Trigger price: | $11.75, 75% of initial price
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 30
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90271M492
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