By Susanna Moon
Chicago, April 26 - UBS AG, Jersey Branch priced $13 million of callable range accrual notes due April 27, 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 5.9% 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 900. 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
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Issue: | Callable range accrual notes linked to six-month Libor and S&P 500 index
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Amount: | $13 million
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Maturity: | April 27, 2027
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Coupon: | 5.9% annualized for each day that six-month Libor is 6% or less and index closes at or above 900; payable quarterly
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Price: | Variable
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Call option: | At par on any interest payment date beginning April 27, 2013
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Payout at maturity: | Par
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Pricing date: | April 24
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Settlement date: | April 27
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Agent: | UBS Securities LLC
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Fees: | 3%
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Cusip: | 90261JJW4
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