By Susanna Moon
Chicago, Aug. 27 - UBS AG, London Branch priced $100,000 of 0% contingent absolute return autocallable optimization securities due Sept. 4, 2014 linked to Hewlett-Packard Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium at an annualized rate of 14.02% if Hewlett-Packard stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the stock finishes at or above the 75% trigger level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Hewlett-Packard Co. (NYSE: HPQ)
|
| Amount: | $100,000
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| Maturity: | Sept. 4, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If shares finish at or above trigger price, par plus absolute value of stock return; otherwise, full exposure to losses
|
| Call: | At par plus 14.02% annualized premium if Hewlett-Packard stock closes at or above initial share price on any quarterly observation date
|
| Initial share price: | $21.99
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| Trigger price: | $16.49, 75% of initial share price
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90269M249
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