By Susanna Moon
Chicago, July 29 - UBS AG, London Branch priced $6.77 million of 0% trigger autocallable optimization securities due July 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 10% if the index closes at or above the initial share price on any of the quarterly observation dates.
The payout at maturity will be par if the index finishes at or above 60% of the initial level.
Otherwise, investors will be exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $6,767,480
|
| Maturity: | July 29, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above trigger level, par; otherwise, par plus return
|
| Call: | At par plus premium of 10% per year if index closes at or above initial level on any observation date
|
| Initial level: | 800.53
|
| Trigger level: | 480.32, 60% of initial price
|
| Pricing date: | July 27
|
| Settlement date: | July 29
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90267X809
|
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