By Jennifer Chiou
New York, June 8 - UBS AG, London Branch priced $100 million of FI Enhanced Big Cap Growth exchange-traded notes due June 13, 2022, according to a 424B3 filing with the Securities and Exchange Commission.
The notes provide two times leveraged exposure to the performance of the Russell 1000 Growth Index Total Return.
The return will be reduced by the index adjustment factor, which is Libor plus a spread of 0.13% per year.
The notes are putable with a minimum of 50,000 securities, and the issuer may call the notes in whole on or after June 8, 2014. Further, an early redemption event will occur if the index trades at less than 70% of the initial level or the intraday indicative value of the notes is $5.00 or less.
In the case of redemption, there will also be an early redemption fee of $0.0125 per $25.00 security.
UBS Investment Bank is the agent.
| Issuer: | UBS AG, London Branch
|
| Issue: | FI Enhanced Big Cap Growth exchange-traded notes
|
| Underlying index: | Russell 1000 Growth Index Total Return
|
| Amount: | $100 million
|
| Maturity: | June 13, 2022
|
| Coupon: | 0%
|
| Price: | Par of $25.00
|
| Payout at maturity: | Par plus double index performance, less the index adjustment factor
|
| Put option: | At any time subject to minimum of 50,000 securities
|
| Call: | Automatically if index trades at less than 70% of the initial level or the intraday indicative value of the notes is $5.00 or less
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agent: | UBS Investment Bank
|
| Symbol: | NYSE Arca: FBG
|
| Cusip: | 90267L508
|
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