By Angela McDaniels
Tacoma, Wash., April 19 - UBS AG, Jersey Branch priced $9.68 million of 0% trigger step performance securities due Oct. 22, 2012 linked to the performance of a basket of currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Australian dollar, the Brazilian real, the Canadian dollar and the U.S. dollar.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus the greater of the basket return and 19%.
If the basket level declines by 15% or less, the payout will be par.
If the basket level declines by more than 15%, the payout will be par plus the basket return.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Trigger step performance securities
|
| Underlying currencies: | Australian dollar, Brazilian real, Canadian dollar and U.S. dollar, equally weighted and each relative to the Japanese yen
|
| Amount: | $9,678,200
|
| Maturity: | Oct. 22, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus greater of basket return and 19% if final basket level is greater than or equal to initial level; par if basket falls by 15% or less; par plus basket return if basket falls by more than 15%
|
| Initial exchange rates: | 87.85 for Australian dollar; 52.85 for Brazilian real; 86.45 for Canadian dollar; 83.12 for U.S. dollar
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 902669324
|
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