By Marisa Wong
Madison, Wis., July 9 - UBS AG, London Branch disclosed more details on its recently priced 1.5% annualized goal notes due Oct. 1, 2012 linked to the Russell 2000 index. UBS priced $2 million of the notes on July 6.
The initial index level is 807.14, the conversion level is 645.712, and the conversion ratio is 1.5487, according to a 424B2 filing with the Securities and Exchange Commission.
As previously reported, the conversion level is 80% of the initial level. The conversion ratio equals $1,000 divided by the conversion level of the index.
If the index's final level is less than the conversion level, the payout at maturity will be a cash amount equal to the conversion ratio multiplied by the index's final level. Otherwise, the payout will be par.
Interest for the three-month notes is payable monthly.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Goal notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2 million
|
| Maturity: | Oct. 1, 2012
|
| Coupon: | 1.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If index's final level is less than conversion level, cash amount equal to conversion ratio multiplied by index's final level; otherwise, par
|
| Initial level: | 807.14
|
| Conversion level: | 645.712, 80% of initial level
|
| Conversion ratio: | 1.5487, $1,000 divided by conversion level
|
| Pricing date: | July 6
|
| Settlement date: | July 11
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | None
|
| Cusip: | 90268U689
|
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