By Toni Weeks
San Diego, May 30 - UBS AG, Jersey Branch priced $1.55 million of 0% buffered digital optimization securities due May 30, 2014 linked to a basket of three equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Australian dollar, the Brazilian real and the Canadian dollar.
If the basket gains, the payout at maturity will be par of $10 plus a digital return of 23%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the 10% buffer.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Buffered digital optimization securities
|
| Underlying basket: | Australian dollar, Brazilian real and Canadian dollar, equally weighted and relative to the dollar
|
| Amount: | $1.55 million
|
| Maturity: | May 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket gains, par plus 23%; par if basket falls by up to 10%; exposure to losses beyond 10%
|
| Initial rates: | 1.0235 for Australian dollar, 2.0032 for Brazilian real and 1.0289 for Canadian dollar
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 902669472
|
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