By Laura Lutz
Des Moines, Aug. 2 - UBS AG priced a $418,000 issue of 0% principal-protected notes due Jan. 6, 2011 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The index is a new benchmark index consisting of 28 commodity futures with up to five different investment maturities, weighted to reflect the relative importance of each commodity to the world economy.
For each $10 principal amount of securities, the payout at maturity will be par plus 110% of any positive return on the index. Investors will receive at least par.
UBS Investment Bank is the underwriter.
| Issuer: | UBS AG
|
| Issue: | Principal-protected notes
|
| Underlying index: | UBS Bloomberg Constant Maturity Commodity Index Excess Return
|
| Amount: | $418,000
|
| Maturity: | Jan. 6, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 110% of any positive return on the index; floor of par
|
| Initial index level: | 1,150.59
|
| Pricing date: | July 31
|
| Underwriter: | UBS Investment Bank
|
| Fees: | 0.5%
|
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