By Angela McDaniels
Seattle, April 27 - UBS AG priced an $8.953 million issue of 0% performance securities with contingent protection due April 30, 2012 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index return is positive, the payout at maturity will be par of $10 plus 156% of the index gain.
If the final index return is negative, the payout will be par unless the index falls by more than 50% during the life of the securities, in which case investors will be fully exposed to the index decline.
UBS Investment Bank and UBS Financial Services, Inc. are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Performance securities with contingent protection
|
| Underlying index: | Dow Jones Euro Stoxx 50
|
| Amount: | $8.953 million
|
| Maturity: | April 30, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 156% of any index gain; par if final index return is negative but index never fell below the trigger level; full exposure to any index decline if index fell below the trigger level
|
| Initial index level: | 4,367.83
|
| Trigger level: | 2,183.29, 50% of initial index level
|
| Pricing date: | April 24
|
| Settlement date: | April 30
|
| Underwriters: | UBS Investment Bank and UBS Financial Services, Inc.
|
| Underwriting discount: | 3.5%
|
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