By Susanna Moon
Chicago, April 18 - UBS AG, Jersey Branch priced $1 million of callable contingent accrual notes due April 20, 2026 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at 7% for each day that six-month Libor is at or below 7% and the S&P 500 closes at or above 855. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning April 20, 2012.
UBS Investment Bank is the agent.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Callable contingent accrual notes
|
| Amount: | $1 million
|
| Maturity: | April 20, 2026
|
| Coupon: | 7% for each day that six-month Libor is at or below 7% and S&P 500 is at or above 855; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates after one year
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Agent: | UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90261JGY3
|
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