Published on 1/31/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.51 million trigger autocallable securities linked to iShares FTSE China
By Toni Weeks
San Luis Obispo, Calif., Jan. 31 - UBS AG, London Branch priced $2.51 million of 0% trigger autocallable optimization securities due Jan. 31, 2018 linked to the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing share price is equal to or greater than the initial price on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 8%.
If the notes are not called and the final price is greater than or equal to 60.81% of the initial level, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying fund: | iShares FTSE China 25 index fund
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Amount: | $2,507,000
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Maturity: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final price level is at least 60.81% of initial level, par; otherwise, exposure to losses
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Initial price: | $41.55
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Trigger level: | $25.27, 60.81% of initial price
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Call option: | Par plus 8% per year if price closes at or above the initial share price on any quarterly observation date beginning Jan. 30, 2014
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90271B371
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