By Susanna Moon
Chicago, Oct. 14 – UBS AG, London Branch priced $1 million of 0% trigger autocallable optimization securities due July 15, 2015 linked to WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the price of crude closes at or above the initial price on any quarterly observation date.
The payout at maturity will be par unless the price of crude finishes below the trigger level, 74% of the initial level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable optimization securities
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| Underlying commodity: | Light sweet crude oil
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| Amount: | $1 million
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| Maturity: | July 15, 2015
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If crude finishes at or above trigger level, par; otherwise, full exposure to losses
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| Call option: | At par plus 8% per year if crude closes at or above initial price on any quarterly observation date
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| Initial oil price: | $85.82
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| Trigger price: | $63.51, 74% of initial price
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 16
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 0.5%
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| Cusip: | 90274B436
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