By Angela McDaniels
Madison, Wis., March 29 - UBS AG, Jersey Branch priced $13.33 million of 0% trigger step performance securities due Sept. 28, 2012 linked to the performance of a basket of currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Australian dollar, the Brazilian real, the Canadian dollar and the U.S. dollar. The basket level will increase if the basket currencies strengthen relative to the yen.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus the greater of a step return of 20% and the basket return.
If the basket level declines by 15% or less, the payout will be par.
If the basket level declines by more than 15%, the payout will be par plus the basket return.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, Jersey Branch
|
| Issue: | Trigger step performance securities
|
| Underlying currencies: | Australian dollar, the Brazilian real, the Canadian dollar and the U.S. dollar; all relative to the yen
|
| Amount: | $13,325,210
|
| Maturity: | Sept. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par of $10 plus the greater of 20% and any basket gain; if the basket falls by 15% or less, par; otherwise, par plus the basket return
|
| Initial spot rates: | 84.05 for Australian dollar; 49.24 for real; 83.73 for Canadian dollar; 81.68 for U.S. dollar
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 902669308
|
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