By Susanna Moon
Chicago, June 28 - UBS AG, Jersey Branch priced $2.17 million of 0% trigger step performance securities due Dec. 31, 2012 linked to the performance of a basket of equally weighted currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Norwegian krone, the Polish zloty and the Swedish krona.
If the basket return is zero or positive, the payout at maturity will be par of $10 plus the greater of the basket gain and the step return of 20%.
Investors will receive par if the basket falls by up to 15% and will be fully exposed to the loss if it falls beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Trigger step performance securities
|
| Underlying currencies: | Norwegian krone, Polish zloty and Swedish krona, equally weighted and each relative to the Japanese yen
|
| Amount: | $2,170,300
|
| Maturity: | Dec. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket gains, par plus greater of return and 20%; par if basket falls by 15% or less; par plus basket return if basket falls by more than 15%
|
| Initial exchange rates: | 14.7941 for krone, 28.8600 for zloty and 12.5602 for krona
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 902669373
|
© 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.
