New Issue: UBS prices $11.36 million return optimization securities linked to S&P 500 Financials

By Jennifer Chiou

New York, April 17 - UBS AG priced $11.36 million of 0% return optimization securities with partial protection due April 20, 2010 linked to the S&P 500 Financials 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 receive par if the index falls by 20% or less and will lose 1% for each 1% that the index declines beyond 20%.

UBS Financial Services and UBS Investment Bank are the underwriters.

Issuer:	UBS AG
Issue:	Return optimization securities with partial protection
Underlying index:	S&P 500 Financials
Amount:	$11,360,630
Maturity:	April 20, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at a maximum return of 31.5%; par if index falls by 20% or less; 1% loss for each 1% decline beyond 20%
Initial index level:	332.64
Pricing date:	April 15
Settlement date:	April 18
Underwriters:	UBS Financial Services, UBS Investment Bank
Fees:	2%

© 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.