New Issue: UBS prices $12.41 million trigger autocallables tied to iShares Russell

By Marisa Wong

Madison, Wis., Dec. 31 - UBS AG, London Branch priced $12.41 million of 0% trigger autocallable optimization securities due Dec. 29, 2017 linked to the iShares Russell 2000 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 9%.

If the notes are not called and the final price is greater than or equal to 65.52% of the initial price, 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
Issue:	Trigger autocallable optimization securities
Underlying fund:	iShares Russell 2000 index fund
Amount:	$12,405,200
Maturity:	Dec. 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is at or above trigger level, par; otherwise, exposure to losses
Initial price:	$83.10
Trigger level:	$54.45, 65.52% of initial price
Call option:	Par plus 9% per year if price closes at or above the initial share price on any quarterly observation date beginning Dec. 31, 2013
Pricing date:	Dec. 27
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90269W874

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.