By Susanna Moon
Chicago, March 1 - UBS AG, Jersey Branch priced $26 million of callable range accrual notes due March 5, 2027 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 6.5% for each day that the six-month Libor is 6% or less and the closing level of the S&P 500 index is at least 890. Interest is payable quarterly.
The notes will be callable at par on any interest payment date after one year.
The payout at maturity will be par.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Callable range accrual notes linked to six-month Libor and S&P 500 index
|
| Amount: | $26 million
|
| Maturity: | March 5, 2027
|
| Coupon: | 6.5% annualized for each day that six-month Libor is 6% or less and index closes at or above 890; payable quarterly
|
| Price: | Variable
|
| Call option: | At par on ay interest payment date beginning March 5, 2013
|
| Payout at maturity: | Par
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | UBS Securities LLC
|
| Fees: | 3%
|
| Cusip: | 90261JJB0
|
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