By Angela McDaniels
Tacoma, Wash., March 29 - UBS AG, London Branch priced $3 million of 0% trigger autocallable optimization securities due March 30, 2012 linked to the common stock of F5 Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If F5 Networks stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call return of 36%.
The payout at maturity will be par if F5 Networks stock finishes at or above 65% of the initial share price. Otherwise, investors will be exposed to the decline from the initial share price to the final share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | F5 Networks, Inc. (Nasdaq: FFIV)
|
| Amount: | $3 million
|
| Maturity: | March 30, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If F5 Networks stock finishes at or above trigger price, par; otherwise, par plus stock return
|
| Call: | At par plus premium of 36% per year if F5 Networks stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $95.67
|
| Trigger price: | $62.19, 65% of initial price
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90267G715
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
