New Issue: UBS prices $797,000 protected absolute return barrier notes linked to S&P 500

By Susanna Moon

Chicago, Oct. 29 - UBS AG priced $797,000 of zero-coupon principal protection absolute return barrier notes due Oct. 30, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes above the upper barrier or below the lower barrier, payout at maturity will be par plus the absolute value of the index return.

The upper barrier is 121.5% of the initial index level, and the lower barrier is 78.5% of the initial level.

Investors will receive at least par.

UBS Investment Bank is the underwriter.

Issuer:	UBS AG
Issue:	Principal protection absolute return barrier notes
Underlying index:	S&P 500 index
Amount:	$797,000
Maturity:	Oct. 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays within barrier range, par plus absolute value of index return; floor of par
Initial level:	876.77
Upper barrier:	1,065.28, or 121.5% of initial level
Lower barrier:	688.26, or 78.5% of initial level
Pricing date:	Oct. 24
Settlement date:	Oct. 31
Underwriter:	UBS Investment Bank
Fees:	0.5%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.