By Angela McDaniels
Tacoma, Wash., Nov. 23 - UBS AG, Jersey Branch priced $6.5 million of callable step-up fixed-rate notes due Nov. 26, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4% for years one through five, 4.85% for years six through 10, 5.85% for years 11 through 15 and 7% for years 16 through 20. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any interest payment date.
UBS Investment Bank is the underwriter.
Issuer: | UBS AG, Jersey Branch
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Issue: | Callable step-up fixed-rate notes
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Amount: | $6.5 million
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Maturity: | Nov. 26, 2030
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Coupon: | 4% for years one through five, 4.85% for years six through 10, 5.85% for years 11 through 15 and 7% for years 16 through 20; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any interest payment date
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Pricing date: | Nov. 22
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Settlement date: | Nov. 26
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Underwriter: | UBS Investment Bank
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Fees: | 3.15%
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Cusip: | 90261JGD9
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