New Issue: UBS prices $5 million step-up callable notes with 3% initial rate

By Marisa Wong

Madison, Wis., Oct. 10 - UBS AG, Jersey Branch priced $5 million of fixed-rate step-up callable notes due Oct. 12, 2027, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% for the first eight years and will step up to 3.5% on Oct. 12, 2020, to 5% on Oct. 12, 2024 and to 6% on Oct. 12, 2026. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning on Oct. 12, 2013.

UBS Securities LLC is the agent.

Issuer:	UBS AG, Jersey Branch
Issue:	Fixed-rate step-up callable notes
Amount:	$5 million
Maturity:	Oct. 12, 2027
Coupon:	Initially 3%, steps up to 3.5% on Oct. 12, 2020, to 5% on Oct. 12, 2024 and to 6% on Oct. 12, 2026; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning on Oct. 12, 2013
Pricing date:	Oct. 9
Settlement date:	Oct. 12
Agent:	UBS Securities LLC
Fees:	1.75%
Cusip:	90261JKW2

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