By Laura Lutz
Des Moines, June 27 - UBS AG priced a $2,607,750 issue of 0% performance securities with contingent protection due June 29, 2012 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 168% of the index gain. If the final index level is equal to or less than the initial index level, but did not close below a trigger level of 50% of the initial index level, investors will receive par.
If the index falls below the trigger level during the life of the notes, investors will share in any losses.
UBS Investment Bank and UBS Financial Services Inc. are the underwriters.
| Issuer: | UBS AG
|
| Issue: | 0% performance securities with contingent protection
|
| Underlying index: | Nikkei 225
|
| Amount: | $2,607,750
|
| Maturity: | June 29, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 168% of any index gain; par if index falls less than 50% during the life of the notes and finishes at or below the initial index level; full exposure to loss if index drops more than 50%
|
| Initial index level: | 18,087.48
|
| Pricing date: | June 25
|
| Settlement date: | June 29
|
| Underwriters: | UBS Investment Bank, UBS Financial Services Inc.
|
| Fees: | 3.5%
|
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