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UBS plans 7.5%-10% yield optimization notes linked to Dell shares
By Susanna Moon
Chicago, Oct. 7 - UBS AG, London Branch plans to price 7.5% to 10% yield optimization notes with contingent protection due Oct. 21, 2011 based on the performance of Dell Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The face amount of each note will be equal to the closing price of Dell stock on the pricing date.
Interest will be payable monthly.
If Dell stock finishes at or above 80% of the initial price, the payout at maturity will be par in cash. Otherwise, the payout will be one Dell share per note.
The notes (Cusip 90267F626) are expected to price on Oct. 15 and settle on Oct. 21.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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