New Issue: UBS prices $5 million 0% notes linked to Asian index basket

By Jennifer Chiou

New York, March 29 - UBS AG priced $5 million of 0% enhanced appreciation securities due March 31, 2008 linked to an Asian index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will include the MSCI India index with a 40% weight, the FTSE/Xinhua China 25 index with a 20% weight, the Nikkei 225 index with a 15% weight, the Korea Kospi 200 with a 10% weight, the MSCI Singapore index with a 5% weight, the MSCI Taiwan index with a 5% weight and the MSCI Thailand index with a 5% weight.

If the return on the basket is positive, payout at maturity will be par plus triple the basket return, capped at a maximum gain of 26.5%. Investors will share in any losses.

Issuer:	UBS AG
Issue:	Enhanced appreciation securities
Underlying indexes:	MSCI India (40% weight), FTSE/Xinhua China 25 (20% weight), Nikkei 225 (15% weight), Korea Kospi 200 (10% weight), MSCI Singapore (5% weight), MSCI Taiwan (5% weight), MSCI Thailand (5% weight)
Amount:	$5 million
Maturity:	March 31, 2008
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple any positive return on basket of indexes, capped at a maximum gain of 26.5%; investors will share in any looses
Pricing date:	March 27
Underwriter:	UBS Investment Bank, UBS Financial Services Inc.

© 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.