By Susanna Moon
Chicago, Oct. 30 - UBS AG priced $4.58 million of 11.61% annualized yield optimization notes with contingent protection due April 30, 2010 linked to the common stock of CSX Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $41.96, which was the closing price of CSX stock at pricing.
Interest is payable quarterly.
If CSX stock finishes at or above 75% of the initial price, the payout at maturity will be par. Otherwise, investors will receive one CSX share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | CSX Corp. (NYSE: CSX)
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Amount: | $4,576,870.92
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Maturity: | April 30, 2010
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Coupon: | 11.61%, payable quarterly
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Price: | Par of $41.96
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Payout at maturity: | If CSX shares finish below the trigger price, one CSX share per note; otherwise, par
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Initial share price: | $41.96
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Trigger price: | $31.47, or 75% of initial price
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Pricing date: | Oct. 28
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Settlement date: | Oct. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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