By Jennifer Chiou
New York, Nov. 9 - UBS AG priced a $11.55 million issue of 0% return optimization securities due May 14, 2009 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 double any index gain, subject to a maximum return of 31.5%. Investors will be fully exposed to any index decline.
UBS Investment Bank is the underwriter.
Issuer: | UBS AG
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Issue: | Return optimization securities
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Underlying index: | S&P 500
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Amount: | $11.55 million
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Maturity: | May 14, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain up to a maximum return of 31.5%; full exposure to any index decline
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Pricing date: | Nov. 7
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Settlement date: | Nov. 15
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Underwriter: | UBS Investment Bank
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Fees: | None
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