By Marisa Wong
Madison, Wis., Sept. 26 - UBS AG, London Branch priced $22.85 million of contingent income autocallable securities due Sept. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the downside threshold level, 65% of the initial level, on any monthly determination date, the notes will pay a contingent coupon at an annualized rate of 7.1% for that month. Otherwise, no contingent payment will be made that month.
If the index closes at or above the initial level on any quarterly call date beginning Sept. 25, 2013, the notes will be called at par plus the contingent coupon.
If the notes are not called and the index finishes at or above the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be fully exposed to losses.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $22,853,000
|
| Maturity: | Sept. 30, 2019
|
| Coupon: | If index closes at or above downside threshold level on any monthly determination date, 7.1% per year for that month; otherwise, no contingent payment will be made that month
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above downside threshold level, par plus final contingent coupon; otherwise, full exposure to losses
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly call date beginning Sept. 25, 2013
|
| Initial level: | 839.12
|
| Downside threshold level: | 545.42, 65% of initial level
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | UBS Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 90269V447
|
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