By Marisa Wong
Madison, Wis., Dec. 15 – UBS AG, Jersey Branch registered to sell an additional $500 million of 0% exchange-traded access securities due Oct. 31, 2039 linked to the Bloomberg Commodity Index Total Return (previously the Dow Jones - UBS Commodity Index Total Return), according to a 424B3 filing with the Securities and Exchange Commission.
The company originally registered to sell up to $100 million of the notes and then registered to sell $150 million of additional notes from time to time at varying prices.
The payout at maturity will be par of $25 plus the index return, which could be positive or negative, minus a fee.
The fee amount was initially zero. It increases each day by an amount equal to 0.5% per year multiplied by par plus the index return on that day.
The notes are putable, subject to a minimum of 50,000 notes. The notes became callable in whole on Nov. 1, 2010.
The notes are listed on NYSE Arca under the symbol “DJCI.”
UBS Investment Bank is the underwriter.
| Issuer: | UBS AG, Jersey Branch
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| Issue: | Exchange-traded access securities
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| Underlying index: | Bloomberg Commodity Index Total Return (previously Dow Jones - UBS Commodity Index Total Return)
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| Amount: | Up to $750 million, increased from $100 million
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| Maturity: | Oct. 31, 2039
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| Coupon: | 0%
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| Price: | Variable prices
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| Face amount: | $25
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| Payout at maturity: | Par plus index return minus fee of about 0.5% per year
|
| Put option: | Subject to minimum of 50,000 notes
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| Call option: | From Nov. 1, 2010 onward
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| Initial index level: | 264.194
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| Initial pricing date: | Oct. 28, 2009
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| Initial settlement date: | Oct. 30, 2009
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| Upsizing date: | Maximum issuance amount was increased by $150 million on March 18, 2014 and by $500 million on Dec. 15
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| Underwriter: | UBS Investment Bank
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| Fees: | Varies
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| Listing: | NYSE Arca: DJCI
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| Cusip: | 902641679
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