By Susanna Moon
Chicago, Aug. 30 - UBS AG, London Branch priced $4.55 million of 0% performance allocation securities due Aug. 31, 2015 based on the best performing of three global equity portfolios, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 103.5% of par for proceeds of $4.71 million.
Portfolio 1 is allocated 76% to the SPDR S&P 500 ETF trust, 12% to the iShares MSCI EAFE index fund and 12% to the iShares MSCI Emerging Markets index fund.
Portfolio 2 is allocated 12% to the SPDR trust, 76% to the iShares MSCI EAFE and 12% to the iShares MSCI Emerging Markets.
Portfolio 3 is allocated 12% to the SPDR trust, 12% to the iShares MSCI EAFE and 76% to the iShares MSCI Emerging Markets.
The payout at maturity will be par of $10 plus the return of the best-performing portfolio, with exposure to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Performance allocation securities linked to best performing among three global equity portfolios
|
| Portfolio 1: | SPDR S&P 500 ETF trust (76% weight), iShares MSCI EAFE index fund (12% weight) and iShares MSCI Emerging Markets index fund (12% weight)
|
| Portfolio 2: | S&P (12% weight), MSCI EAFE (76% weight) and MSCI Emerging Markets (12% weight)
|
| Portfolio 3: | S&P (12% weigh), MSCI EAFE (12% weight) and MSCI Emerging Markets (76% weight)
|
| Amount | $4,552,090
|
| Proceeds: | $4,711,413.15
|
| Maturity: | Aug. 31, 2015
|
| Coupon: | 0%
|
| Price: | 103.5
|
| Payout at maturity: | Par of $10.00 plus return of best-performing portfolio
|
| Initial levels: | $105.23 for trust; $49.55 for EAFE; $39.62 for Emerging Markets
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90267C656
|
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