By Toni Weeks
San Diego, March 9 - UBS AG, London Branch priced $8.75 million of 0.125% callable exchangeable securities due March 15, 2016 linked to a basket of six common stocks, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the common stocks of Apple Inc., the Blackstone Group LP and Finisar Corp., each with a 12.5% weight, BorgWarner Inc. with a 17.5% weight, Priceline.com Inc. with a 30% weight and Schlumberger Ltd. with a 15% weight.
The issue price of each security is equal to 110% of par.
Interest is payable semi-annually.
The notes are callable on any business day beginning March 15, 2014.
If the final basket level is less than or equal to the initial level, the payout on any call date or at maturity will be par, resulting in a loss of 9.09% to the investor. If the final level is greater than the initial level, investors will receive par plus the gain in the basket. A final basket level of 110 or greater provides a positive return.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
|
| Issue: | Callable exchangeable securities
|
| Underlying basket: | Common stocks of Apple Inc. (Symbol: AAPL), the Blackstone Group LP (Symbol: BX) and Finisar Corp. (Symbol: FNSR), each weighted at 12.5%; BorgWarner Inc. (Symbol: BWA), weighted at 17.5%; Priceline.com Inc. (Symbol: PCLN), weighted at 30%; Schlumberger Ltd. (Symbol: SLB), weighted at 15%
|
| Amount: | $8,745,000
|
| Maturity: | March 15, 2016
|
| Coupon: | 0.125%, payable semiannually
|
| Price: | 110% of par
|
| Payout at maturity: | If final basket level is less than or equal to initial level, par; if final level is greater than initial level, par plus the basket gain
|
| Initial basket level: | $938.9671 (approximate)
|
| Call option: | On any business day beginning March 15, 2014
|
| Pricing date: | March 8
|
| Settlement date: | March 15
|
| Agent: | UBS Securities LLC
|
| Fees: | Zero
|
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