By Angela McDaniels
Tacoma, Wash., May 1 - UBS AG, London Branch priced $5.25 million of 0% trigger Performance Leveraged Upside Securities due July 27, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any increase in the index.
If the final index level is greater than or equal to 75% of the initial level but is less than or equal to the initial level, the payout will be par.
If the final index level is less than 75% of the initial level, investors will be fully exposed to the index's decline from its initial index level.
UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5.25 million
|
| Maturity: | July 27, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any increase in index; if index return is negative and final index level is greater than or equal to trigger value, par; if final index level is less than trigger value, full exposure to index decline
|
| Initial index level: | 2,344.02
|
| Trigger value: | 1,758.02, 75% of initial level
|
| Pricing date: | April 27
|
| Settlement date: | May 2
|
| Agent: | UBS Securities LLC
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 3%
|
| Cusip: | 9026M0812
|
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