By Angela McDaniels
Tacoma, Wash., June 28 - UBS AG, Jersey Branch priced $9.65 million of 0% performance securities due June 28, 2013 linked to the UBS V10 Currency Index with Volatility Cap, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 108% of any index gain. Investors will be exposed to any index decline.
The index notionally invests in a dynamically adjusted basket consisting of equally weighted positions in foreign exchange forward contracts on the U.S. dollar with tenors up to six months relative to the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Japanese yen, Norwegian krone, New Zealand dollar and Swedish krona.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Performance securities
|
| Underlying index: | UBS V10 Currency Index with Volatility Cap
|
| Amount: | $9,647,000
|
| Maturity: | June 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 108% of any index gain; exposure to any index decline
|
| Initial index level: | 519.33
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 902669142
|
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