By Toni Weeks
San Diego, July 30 - UBS AG, London Branch priced $2.82 million of 0% trigger performance securities due July 31, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 102% of the index return.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 60% of the initial level, the payout will be par.
If the final index level is less than the trigger level, the payout will be par plus the index return, with full exposure to losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $2.82 million
|
| Maturity: | July 31, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 102% of index return; par if index falls by up to 40%; otherwise, full exposure to losses
|
| Initial level: | 1,360.02
|
| Trigger level: | 816.01, 60% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90268U655
|
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