New Issue: UBS prices $2.92 million contingent buffer enhanced notes linked to Brent crude oil

By Toni Weeks

San Diego, July 10 - UBS AG, London Branch priced $2.92 million of 0% contingent buffer enhanced notes due July 18, 2013 linked to ICE-traded Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of Brent crude oil is greater than or equal to the barrier level, the payout at maturity will be par plus the maximum return of 10.5%, or $1,105 per $1,000 principal amount of notes. The barrier level is 75% of the initial price.

If the final price is less than the barrier level, investors will be fully exposed to the decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Contingent buffer enhanced notes
Underlying commodity:	ICE-traded Brent crude oil
Amount:	$2,916,000
Maturity:	July 18, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of Brent crude oil is greater than or equal to barrier level, par plus maximum return of 10.5%; if final price is less than barrier level, full exposure to decline
Initial oil price:	$98.19
Barrier price:	75% of initial price
Pricing date:	July 6
Settlement date:	July 11
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	902674JH4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.