By Jennifer Chiou
New York, March 17 - UBS AG priced $794,064 of 13% annualized yield optimization notes with contingent protection due Sept. 18, 2009 linked to the common stock of 3M Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $48.00, which is equal to the closing price of 3M stock on the pricing date.
Interest is payable monthly.
If the final share price of 3M stock is greater than or equal to 75% of the initial price, then the payout at maturity will be par. Otherwise, the payout will be one 3M share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | 3M Co. (Symbol: MMM)
|
| Amount: | $794,064
|
| Maturity: | Sept. 18, 2009
|
| Coupon: | 13%, payable monthly
|
| Price: | Par of $48.00
|
| Payout at maturity: | If 3M shares finish below the trigger price, one 3M share per note; otherwise, par
|
| Initial share price: | $48.00
|
| Trigger price: | $36.00, 75% of initial price
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
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