By Marisa Wong
Madison, Wis., Sept. 11 - UBS AG, London Branch priced $5 million of 0% trigger performance securities due Sept. 13, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 129% of the index return.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 50% of the initial level, the payout will be par.
If the final index level is less than the trigger level, the payout will be par plus the index return, with full exposure to losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $5 million
|
| Maturity: | Sept. 13, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 129% of index return; par if index falls by up to 50%; otherwise, full exposure to losses
|
| Initial level: | 1,437.92
|
| Trigger level: | 718.96, 50% of initial level
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 12
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3%
|
| Cusip: | 90269V389
|
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