New Issue: UBS prices $2.71 million 10-year fixed-to-floating-rate notes

By Toni Weeks

San Diego, July 19 - UBS AG, Jersey Branch priced $2.71 million of fixed-to-floating-rate notes due July 21, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 6% for the first year. After that, it will be equal to Libor plus 100 basis points, subject to a maximum rate of 7% in each interest period. Interest is payable quarterly.

The payout at maturity will be par.

UBS Securities LLC is the agent.

Issuer:	UBS AG, Jersey Branch
Issue:	Fixed-to-floating-rate notes
Amount:	$2,705,000
Maturity:	July 21, 2021
Coupon:	Initially 6%; beginning July 21, 2012, Libor plus 100 bps; maximum of 7%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	July 18
Settlement date:	July 21
Agent:	UBS Securities LLC
Fees:	None
Cusip:	90261JHJ5

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