By Angela McDaniels
Tacoma, Wash., June 29 - UBS AG priced $15.36 million of 100% principal protection notes due June 28, 2013 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is fixed at 3.5% for the first year. After that, it will equal the year-over-year change in the Consumer Price Index plus a spread of 2.7% per year. In each monthly interest period, there is a floor of zero.
The payout at maturity will be par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | 100% principal protection notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $15,364,000
|
| Maturity: | June 28, 2013
|
| Coupon: | 3.5% for the first year; after that, the year-over-year change in the index plus a spread of 2.7% per year; floor of 0%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 26
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.75%
|
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