Published on 5/30/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.48 million capped knock-out notes linked to 15 stocks
By Angela McDaniels
Tacoma, Wash., May 30 - UBS AG, London Branch priced $3.48 million of 0% capped knock-out notes due Nov. 27, 2013 linked to a basket of 15 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the common stocks of Caterpillar Inc., Chicago Bridge & Iron Co. NV, Cummins Inc., Deere & Co., Dow Chemical Co., E.I. du Pont de Nemours and Co., Fluor Corp., General Electric Co., NextEra Energy, Inc., Nucor Corp., Rock-Tenn Co., Rockwood Holdings, Inc., Union Pacific Corp., United Parcel Service, Inc. and Wesco International, Inc.
If the final basket level is greater than or equal to the trigger level, the payout at maturity will be par plus the greater of 7.75% and the basket return, subject to a maximum return of 25%. If the final basket level is less than the trigger level, investors will be exposed to the decline of the basket from its initial level. The trigger level is 75% of the initial basket level.
UBS Investment Bank is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.
| Issuer: | UBS AG, London Branch
|
| Issue: | Capped knock-out notes
|
| Underlying stocks: | Caterpillar Inc., Chicago Bridge & Iron Co. NV, Cummins Inc., Deere & Co., Dow Chemical Co., E.I. du Pont de Nemours and Co., Fluor Corp., General Electric Co., NextEra Energy, Inc., Nucor Corp., Rock-Tenn Co., Rockwood Holdings, Inc., Union Pacific Corp., United Parcel Service, Inc. and Wesco International, Inc., equally weighted
|
| Amount: | $3,475,000
|
| Maturity: | Nov. 27, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is greater than or equal to trigger level, par plus greater of 7.75% and basket return, subject to maximum return of 25%; if final basket level is less than trigger level, full exposure to decline of basket from initial level; trigger level is 75% of initial basket level
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Underwriter: | UBS Investment Bank
|
| Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 902674HU7
|
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