By Susanna Moon
Chicago, Nov. 30 - UBS AG priced $4.23 million of 0% return optimization securities with partial protection due Nov. 30, 2011 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Standard & Poor's Depositary Receipts with a 50% weight, the iShares MSCI EAFE index fund with a 40% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum gain of 22.5%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% drop beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Return optimization securities with partial protection
|
| Underlying basket: | Standard & Poor's Depositary Receipts (50%), iShares MSCI EAFE index fund (40% weight) and iShares MSCI Emerging Markets index fund (10% weight)
|
| Amount: | $4,231,000
|
| Maturity: | Nov. 30, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 22.5%; par if basket falls by up to 10%; exposure to losses beyond 10%
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
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