By Jennifer Chiou
New York, July 30 - UBS AG, London Branch priced $4.09 million of 0% trigger step performance securities due July 31, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 26.8% step return and the index return.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls more than 25%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger step performance securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4.09 million
|
| Maturity: | July 31, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is zero or positive, par plus greater of index return and 26.8%; par if index falls by 25% or less; full exposure to losses if index falls more than 25%
|
| Initial level: | 1,048.51
|
| Trigger level: | 786.38, 75% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3%
|
| Cusip: | 90271L197
|
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