By Marisa Wong
Madison, Wis., Aug. 12 - UBS AG, London Branch priced $127,000 of 0% contingent absolute return autocallable optimization securities due Aug. 19, 2014 linked to United States Steel Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium at an annualized rate of 15.82% if U.S. Steel stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the stock finishes at or above the 70% trigger level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | United States Steel Corp. (Symbol: X)
|
| Amount: | $127,000
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| Maturity: | Aug. 19, 2014
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| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to stock decline
|
| Call: | At par plus 15.82% annualized premium if U.S. Steel stock closes at or above initial share price on any quarterly observation date
|
| Initial share price: | $19.20
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| Trigger price: | $13.44, 70% of initial share price
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 15
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90269L340
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