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Published on 7/8/2014 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1.29 million return notes linked to nine stocks

By Angela McDaniels

Tacoma, Wash., July 8 – UBS AG, London Branch priced $1.29 million of 0% return notes due July 22, 2015 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Cabot Oil & Gas Corp., Continental Resources, Inc., Dow Chemical Co., Halliburton Co., LyondellBasell Industries NV, National Oilwell Varco, Inc., Pioneer Natural Resources Co., Schlumberger Ltd. and Weatherford International Ltd.

For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) 99.9%.

UBS Investment Bank is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:UBS AG, London branch
Issue:Return notes
Underlying stocks:Cabot Oil & Gas Corp., Continental Resources, Inc., Dow Chemical Co., Halliburton Co., LyondellBasell Industries NV, National Oilwell Varco, Inc., Pioneer Natural Resources Co., Schlumberger Ltd. and Weatherford International Ltd., equally weighted
Amount:$1,288,000
Maturity:July 22, 2015
Coupon:0%
Price:Par
Payout at maturity:(a) $1,000 multiplied by (b) one plus basket return multiplied by (c) 99.9%
Final basket level:Average of basket’s closing levels on five trading days ending July 17, 2015
Pricing date:July 3
Settlement date:July 9
Underwriter:UBS Investment Bank
Agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:0.75%
Cusip:90270KCT4

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