By Angela McDaniels
Tacoma, Wash., Oct. 12 - UBS AG, Jersey Branch priced $11.48 million of callable contingent accrual notes due Oct. 14, 2025 linked to the 30-year and two-year Constant Maturity Swap rates and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 7.3% multiplied by the proportion of days on which the 30-year CMS rate is greater than or equal to the two-year CMS rate and the S&P 500 closes at or above 850.
The payout at maturity will be par.
Beginning Oct. 14, 2011, the notes will be callable at par on any interest payment date.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Callable contingent accrual notes
|
| Amount: | $11,479,000
|
| Maturity: | Oct. 14, 2025
|
| Coupon: | 7.3% multiplied by proportion of days on which 30-year CMS rate is greater than or equal to two-year CMS rate and S&P 500 closes at or above 850; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates from Oct. 14, 2011 onward
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 14
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90261JGA5
|
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