New Issue: UBS prices $2.95 million return optimization securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 29 - UBS AG, London Branch priced $2.95 million of 0% return optimization securities with partial protection due Dec. 30, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 19%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

UBS Financial Services Inc. and UBS Securities LLC are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Return optimization securities with partial protection
Underlying index:	S&P 500
Amount:	$2,945,280
Maturity:	Dec. 30, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 19%; par if index falls by up to 10%; 1% loss for each 1% drop beyond 10%
Initial index level:	1,076.76
Pricing date:	June 25
Settlement date:	June 30
Underwriters:	UBS Financial Services Inc. and UBS Securities LLC
Fees:	1.75%
Cusip:	90267C391

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.