By E. Janene Geiss
Philadelphia, Aug. 27 - UBS AG priced $8.61 million of 10% yield optimization notes with contingent protection due Feb. 27, 2009 linked to the common stock of Potash Corp. of Saskatchewan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
Each note has a principal amount of $177.54, equal to the initial price of Potash stock.
If Potash stock falls below the trigger price - 50% of the initial price - during the life of the notes, the payout at maturity will be one Potash share per note. If the stock remains at or above the trigger price, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Potash Corp. of Saskatchewan Inc. (NYSE: POT)
|
| Amount: | $8,614,596
|
| Maturity: | Feb. 27, 2009
|
| Coupon: | 10%, payable quarterly
|
| Price: | Par of $177.54
|
| Payout at maturity: | If Potash stock falls below 50% of initial price during life of notes, one Potash share per note; otherwise, par
|
| Initial price: | $177.54
|
| Trigger price: | $88.77, 50% of initial price
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 29
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 1%
|
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