By Toni Weeks
San Luis Obispo, Calif., March 5 - UBS AG, London Branch priced $1.96 million of 0% Performance Leveraged Upside Securities due April 2, 2015 linked to a basket of equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the iShares FTSE China 25 index fund, iShares MSCI Mexico Capped ETF, iShares MSCI South Korea Capped ETF and iShares MSCI Taiwan ETF.
If the final basket level is greater than the initial level, the payout at maturity will be par of $10 plus three times the basket gain, subject to a maximum payout of $11.60 per $10 principal amount of notes.
Investors will be fully exposed to any decline in the basket.
UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETFs: iShares FTSE China 25 index fund, iShares MSCI Mexico Capped ETF, iShares MSCI South Korea Capped ETF and iShares MSCI Taiwan ETF, each weighted 25%
|
| Amount: | $1,962,700
|
| Maturity: | April 2, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 16%; full exposure to any losses
|
| Initial basket level: | 100
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | UBS Securities LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2%
|
| Cusip: | 90271M401
|
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