By Jennifer Chiou
New York, Sept. 27 - UBS AG, London Branch priced $3,046,700 of 0% relative performance securities due Sept. 29, 2017 linked to the S&P 500 index and the NYSE US 5 Year Treasury Futures index, according to a 424B2 filing with the Securities and Exchange Commission.
The S&P 500 is the "long index," and the 5Y Treasury Futures is the "short index." The relative return is the long index return minus the short index return.
If the long index return is greater than or equal to the short index return, the payout at maturity will be par of $10 plus 150% of the relative return.
If the long index return is less than the short index return, the payout will be par plus the relative return. Because the relative return will be negative in this case, investors will receive less than par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Relative performance securities
|
| Underlying indexes: | S&P 500 ("long index") and NYSE US 5 Year Treasury Futures index ("short index")
|
| Amount: | $3,046,700
|
| Maturity: | Sept. 29, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If long index return is greater than or equal to short index return, par plus 150% of amount by which long index outperforms short index; if long index return is less than short index return, par minus amount by which short index outperforms long index
|
| Initial index levels: | 1,441.59 for S&P 500 index and 164.04 for Treasury index
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90269V371
|
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