By E. Janene Geiss
Philadelphia, Nov. 29 - UBS AG priced an $8.37 million issue of 0% performance securities with partial protection due Nov. 30, 2011 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones Euro Stoxx 50 with a 35% weight, FTSE 100 and Nikkei 225, both with a 25% weight, and the Swiss Market index, S&P/ASX 200 and MSCI Emerging Markets index, each with a 5% weight.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 110% of the return on the basket.
If the basket declines by up to 20%, the payout will be par. Investors will lose 1% for each 1% that the basket declines beyond 20%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Performance securities with partial protection
|
| Underlying commodities: | Dow Jones Euro Stoxx 50 (35% weight), FTSE 100 (25% weight), Nikkei 225 (25% weight), Swiss Market (5% weight), S&P/ASX 200 (5% weight) and MSCI Emerging Markets (5% weight)
|
| Amount: | $8,367,940
|
| Maturity: | Nov. 30, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is at least initial level, par plus 110% of return on basket; par if basket loses up to 20%; investors lose 1% for each 1% basket decline beyond 20%
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Underwriters: | UBS Financial Services Inc., UBS Investment Bank
|
| Fees: | 3%
|
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