By Susanna Moon
Chicago, Sept. 29 - UBS AG, Jersey Branch priced $5.95 million of 0% performance securities due Sept. 30, 2013 linked to the UBS V10 Currency Index with Volatility Cap, according to a 424B2 filing with the Securities and Exchange Commission.
The notes were sold at 102.5 for proceeds of $6.1 million.
The payout at maturity will be par of $10 plus 116% of any index gain.
Investors will be exposed to any index decline.
The index notionally invests in a dynamically adjusted basket consisting of equally weighted positions in foreign exchange forward contracts on the U.S. dollar with tenors up to six months relative to the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Japanese yen, Norwegian krone, New Zealand dollar and Swedish krona.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, Jersey Branch
|
Issue: | Performance securities
|
Underlying index: | UBS V10 Currency Index with Volatility Cap
|
Amount: | $5,953,760
|
Proceeds: | $6,102,604
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Maturity: | Sept. 30, 2013
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Coupon: | 0%
|
Price: | 102.5
|
Payout at maturity: | Par of $10 plus 116% of any index gain; exposure to any index decline
|
Initial index level: | 524.59
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2.439%
|
Cusip: | 902669191
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