By Angela McDaniels
Tacoma, Wash., July 30 - UBS AG priced $5.62 million of 11.25% annualized yield optimization notes with contingent protection due Jan. 29, 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 $39.77, which is equal to the closing price of one CSX share on the pricing date.
Interest is payable quarterly.
If the final share price is greater than or equal to 70% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one CSX 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: | CSX Corp. (Symbol: CSX)
|
| Amount: | $5,621,012
|
| Maturity: | Jan. 29, 2010
|
| Coupon: | 11.25%, payable quarterly
|
| Price: | Par of $39.77
|
| Payout at maturity: | If CSX stock finishes below the trigger price, one CSX share per note; otherwise, par
|
| Initial share price: | $39.77
|
| Trigger price: | $27.84, 70% of initial price
|
| Pricing date: | July 29
|
| Settlement date: | July 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
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