By Laura Lutz
Des Moines, April 28 - UBS AG priced a $4.79 million issue of 0% performance securities with contingent protection due April 30, 2013 linked to a basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 25% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 5% weight, the S&P/ASX 200 index with a 5% weight and the MSCI Emerging Markets index with a 5% weight.
If the final basket level is at least the initial level, the payout will be par plus 131% of any basket gain.
If the final basket return is negative and the basket closes below its trigger level - 50% of its initial level - on any day during the life of the notes, the payout at maturity will be par times the index performance.
If the final basket return is negative and the basket stays at or above the trigger level, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.
| Issuer: | UBS AG
|
| Issue: | 0% performance securities with contingent protection
|
| Amount: | $4,789,450
|
| Underlying basket: | Dow Jones Euro Stoxx 50 index (40% weight), FTSE 100 index (25% weight), Nikkei 225 index (20% weight), Swiss Market index (5% weight), S&P/ASX 200 index (5% weight) and MSCI Emerging Markets index (5% weight)
|
| Maturity: | April 30, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 131% of any positive return if basket gains; if basket falls below trigger level during life of notes and finishes below initial level, par times basket performance; otherwise, par
|
| Trigger level: | 50% of initial level
|
| Pricing date: | April 24
|
| Settlement date: | April 30
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 3.5%
|
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