By Toni Weeks
San Diego, July 30 - UBS AG, London Branch priced $1.8 million of 0% buffered return optimization securities due July 31, 2014 linked to a basket of four equally weighted energy stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Devon Energy Corp., Halliburton Co., Occidental Petroleum Corp. and Southwestern Energy Corp.
The payout at maturity will be par of $10.00 plus double any gain in the basket, up to a maximum return of 25%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,799,740
|
| Maturity: | July 31, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 25%; par if basket falls by 15% or more; 1% loss per 1% drop beyond 15%
|
| Initial prices: | $57.95 for Devon, $32.56 for Halliburton, $87.32 for Occidental and $32.83 for Southwestern
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90268U606
|
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