By Jennifer Chiou
New York, April 27 - UBS AG priced a $22 million issue of 0% performance securities with partial protection due April 30, 2012 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes include the S&P 500 with a 30% weight, Nikkei 225 with a 30% weight, Dow Jones Euro Stoxx 50 with a 30% weight and the MSCI Emerging Markets index with a 10% weight.
The payout at maturity will be par of $10 plus 145% of any percentage increase in the index level. Investors will receive par for any basket loss up to 10% and will share in any losses beyond 10%.
UBS Securities LLC and UBS Financial Services Inc. are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Performance securities with partial protection
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| Underlying basket: | S&P 500 (30% weight), Nikkei 225 (30% weight), Dow Jones Euro Stoxx 50 (30% weight), MSCI Emerging Markets (10% weight)
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| Amount: | $22 million
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| Maturity: | April 30, 2012
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 145% of any index gain; par for any basket loss up to 10%; investors share in losses beyond 10%
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| Pricing date: | April 25
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| Settlement date: | April 30
|
| Underwriters: | UBS Securities LLC and UBS Financial Services Inc.
|
| Underwriting discount: | 3.5%
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