By Jennifer Chiou
New York, Oct. 29 - UBS AG, London Branch priced $14.5 million of 0% return optimization securities with contingent protection due Jan. 30, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF Trust with a 30% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 40% weight.
The payout at maturity will be par of $10 plus 2.5 times any gain in the basket, up to a maximum of $16.147 per note.
Investors will receive par if the basket falls by up to 30% and will share in any losses if the basket declines beyond 30%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Return optimization securities with contingent protection
|
| Underlying ETFs: SPDR S&P 500 ETF Trust (30% weight), iShares MSCI EAFE index fund (30% weight) and iShares MSCI Emerging Markets index fund (40% weight)
|
| Amount: | $14,496,000
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 250% of any basket gain, capped at 61.47%; par if basket falls by 30% or less; par plus basket return if basket falls beyond 30%
|
| Initial share prices: | $118.38 for SPDR; $56.59 for EAFE and $45.70 for Emerging Markets
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 29
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.125%
|
| Cusip: | 90267C870
|
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