By Angela McDaniels
Tacoma, Wash., July 15 - UBS AG, Jersey Branch reopened its 0% exchange-traded access securities (E-Tracs) due April 5, 2038 linked to the UBS Bloomberg Constant Maturity Commodity Index Total Return to add $100 million of notes, according to a 424B2 filing with the Securities and Exchange Commission.
The reopening brings the maximum amount of notes that the issuer will sell to $300 million.
A portion of the notes sold at par of $25 on April 1, 2008. Additional notes have been sold, and will be sold, from time to time at varying prices.
The index is comprised of 28 futures contracts with up to five different maturities for each individual commodity.
The payout at maturity will be par plus the index return, which could be positive or negative, and minus a fee equal to 0.55% per year.
The notes are putable on any trading day subject to a minimum of 50,000 securities, and they became callable in whole on April 4, 2013. The payout in either case is calculated in the same way as at maturity.
The notes are listed on NYSE Arca under the symbol "UCI."
UBS Investment Bank is the underwriter.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Exchange-traded access securities (E-Tracs)
|
| Underlying index: | UBS Bloomberg Constant Maturity Commodity Index Total Return
|
| Amount: | Up to $300 million
|
| Maturity: | April 5, 2038
|
| Coupon: | 0%
|
| Face amount: | $25
|
| Payout at maturity: | Par plus index return minus fee equal to 0.55% per year
|
| Put option: | On any trading day subject to minimum of 50,000 securities
|
| Call option: | In whole on any trading day on or after April 4, 2013
|
| Initial index level: | 1,436.54
|
| Pricing date: | April 1, 2008
|
| Settlement date: | April 4, 2008
|
| Reopened: | July 15
|
| Underwriter: | UBS Investment Bank
|
| Listing: | NYSE Arca: UCI
|
| Cusip: | 902641778
|
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