By Sarah Lizee
Olympia, Wash., Dec. 24 – UBS AG, London Branch sold $75 million series B exchange-traded access securities (ETracs) due Oct. 31, 2039 linked to the Bloomberg Commodity Index Total Return, according to a 424B3 filing with the Securities and Exchange Commission.
The issuer originally sold $25 million of the ETracs on Oct. 24.
The face amount of the notes is $25.
On the initial pricing date, the company sold the notes to the underwriter at $14.8371, which was the closing indicative value of the series A DJCI ETracs on Oct. 24.
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 $1.0823 on the pricing date. 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 will be callable in whole on or after Nov. 4.
The notes are listed on NYSE Arca under the symbol “DJCB.”
UBS Investment Bank is the underwriter.
| Issuer: | UBS AG, London Branch
|
| Issue: | Exchange-traded access securities, series B
|
| Underlying index: | Bloomberg Commodity Index Total Return
|
| Amount: | $75 million lifted from $25 million
|
| Maturity: | Oct. 31, 2039
|
| Coupon: | 0%
|
| Price: | Sold to the underwriter at $14.8371
|
| Face amount: | $25.00
|
| Payout at maturity: | Par plus index return minus fee of about 0.5% per year
|
| Put option: | Subject to minimum of 50,000 notes
|
| Call option: | From Nov. 4 onward
|
| Initial index level: | 264.194
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 29
|
| Amendment date: | Dec. 11
|
| Underwriter: | UBS Investment Bank
|
| Fees: | Varies
|
| Listing: | NYSE Arca: DJCB
|
| Cusip: | 90269A450
|
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