By Marisa Wong
Milwaukee, June 29 - UBS AG, London Branch priced $1.16 million of 0% performance securities with contingent protection due June 30, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the iShares MSCI EAFE index fund with a 70% weight and the iShares MSCI Emerging Markets index fund with a 30% weight.
The payout at maturity will be par of $10 plus 115.25% of any basket gain. The payout will be par if the basket falls by up to 50%. If the basket declines by more than 50%, investors will be fully exposed to the index decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Performance securities with contingent protection
|
| Underlying ETFs: | iShares MSCI EAFE index fund (70% weight) and iShares MSCI Emerging Markets index fund (30% weight)
|
| Amount: | $1,157,620
|
| Maturity: | June 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 115.25% of any basket gain; par if basket return is between 0% and negative 50%; par plus basket return if return is less than negative 50%
|
| Initial share prices: | $48.85 for EAFE; $39.45 for Emerging Markets
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90267C375
|
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