Published on 4/9/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.45 million return notes linked to basket of 15 stocks
By Jennifer Chiou
New York, April 9 - UBS AG, London Branch priced $1.45 million of 0% return notes due April 24, 2014 linked to a basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of AMC Networks Inc., Bed Bath & Beyond Inc., Cabot Oil & Gas Corp., ExactTarget, Inc., Global Payments Inc., Insulet Corp., Joy Global Inc., Life Technologies Corp., Mead Johnson Nutrition Co., New York Times Co., Open Table, Inc., Splunk Inc., Texas Roadhouse, Inc., TripAdvisor, Inc. and Viacom Inc.
The payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return, which could be positive or negative, multiplied by (c) the basket adjustment factor, which is 99.05%.
Because of the basket adjustment factor, investors will lose principal if the basket return is less than 0.9591%.
J.P. Morgan Securities LLC and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Return notes
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| Underlying stocks: | AMC Networks Inc. (Symbol: AMCX), Bed Bath & Beyond Inc. (Symbol: BBBY), Cabot Oil & Gas Corp. (Symbol: COG), ExactTarget, Inc. (Symbol: ET), Global Payments Inc. (Symbol: GPN), Insulet Corp. (Symbol: PODD), Joy Global Inc. (Symbol: JOY), Life Technologies Corp. (Symbol: LIFE), Mead Johnson Nutrition Co. (Symbol: MJN), New York Times Co. (Symbol: NYT), Open Table, Inc. (Symbol: OPEN), Splunk Inc. (Symbol: SPLK), Texas Roadhouse, Inc. (Symbol: TXRH), TripAdvisor, Inc. (Symbol: TRIP) and Viacom Inc. (Symbol: VIAB), equally weighted
|
| Amount: | $1.45 million
|
| Maturity: | April 24, 2014
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | (a) Par plus basket return multiplied by (b) 99.05% basket adjustment factor
|
| Pricing date: | April 5
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| Settlement date: | April 10
|
| Underwriters: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 902674MN7
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