Published on 11/29/2007 in the Prospect News Structured Products Daily.
New Issue: UBS prices $20.63 million securities linked to UBS Bloomberg Constant Maturity Commodity
By Jennifer Chiou
New York, Nov. 29 - UBS AG priced a $20.63 million issue of 0% performance securities with partial protection due Nov. 30, 2010 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus 110% of any gain on the index.
If the index loses up to 20%, the payout will be par. Otherwise, investors will share in losses beyond 20%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG
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Issue: | Performance securities with partial protection
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Underlying index: | UBS Bloomberg Constant Maturity Commodity Index Excess Return
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Amount: | $20,633,170
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Maturity: | Nov. 30, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least initial level, par plus 110% of any index gain; par if the index loses up to 20%; investors will share in losses beyond 20%
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Initial level: | 1,204.78
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Underwriters: | UBS Financial Services Inc., UBS Investment Bank
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Fees: | 2.5%
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