By Angela McDaniels
Tacoma, Wash., March 20 - UBS AG, Jersey Branch priced $595,000 of trigger yield optimization notes due June 21, 2012 linked to the performance of the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The three-month notes carry a coupon of 5% per year. Interest is payable at maturity.
The payout at maturity will be par of $10 if the final spot rate is at least 92% of the initial spot rate. The spot rate will increase if the real appreciates relative to the dollar.
If the final spot rate is less than 92% of the initial spot rate, investors will lose 1% for every 1% that the real depreciates relative to the dollar.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying currency: | Brazilian real
|
| Amount: | $595,000
|
| Maturity: | June 21, 2012
|
| Coupon: | 5%, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | If final spot rate is greater than or equal to trigger spot rate, par; otherwise, 1% loss for every 1% that real depreciates relative to dollar
|
| Initial spot rate: | $0.5550
|
| Trigger spot rate: | $0.5106, 92% of initial spot rate
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.5%
|
| Cusip: | 902669423
|
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