By Susanna Moon
Chicago, Feb. 29 - UBS AG, London Branch priced $5.5 million of 0% buffered return optimization securities due May 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 14.1%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $5.5 million
|
| Maturity: | May 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 14.1%; par if index declines by 20% or less; 1.25% loss for every 1% drop beyond 20%
|
| Initial level: | 1,367.59
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 1
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | None
|
| Cusip: | 9026M0283
|
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