By Susanna Moon
Chicago, July 25 - UBS AG, London Branch priced $1 million of 0% capped knock-out notes due Aug. 11, 2014 linked to Facebook Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the stock finishes below the 80% trigger level.
If a knock-out event does not occur, the payout at maturity will be par plus 12.5%.
Otherwise, the payout will be par plus the stock return, with full exposure to any losses.
UBS Investment Bank is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Capped knock-out notes
|
| Underlying stock: | Facebook Inc. (Symbol: FB)
|
| Amount: | $1 million
|
| Maturity: | Aug. 11, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above trigger level, par plus 12.5%; otherwise, full exposure to losses
|
| Initial share price: | $26.13
|
| Knock-out level: | $20.90, 80% of initial price
|
| Pricing date: | July 23
|
| Settlement date: | July 26
|
| Underwriter: | UBS Investment Bank
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 90270KAA7
|
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