By Susanna Moon
Chicago, Nov. 30 - UBS AG, Jersey Branch priced $4.56 million of trigger contingent coupon notes due Nov. 30, 2015 linked to a basket of equally weighted currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are Brazilian real, Chinese renminbi, Mexican peso and Russian ruble.
The notes will pay a contingent monthly coupon at an annualized rate of 17% if the basket closes at or above the 80% barrier level on a monthly determination date.
If the basket finishes at or above the barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Trigger contingent coupon notes
|
| Underlying basket: | Brazilian real, Chinese renminbi, Mexican peso and Russian ruble, equally weighted
|
| Amount: | $4,559,570
|
| Maturity: | Nov. 30, 2015
|
| Coupon: | 17% per year if basket closes at or above barrier level on a monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par if basket finishes at or above barrier level; otherwise, full exposure to losses
|
| Barrier level: | 80% of initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 902669498
|
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