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UBS increases coupon of $199,973 trigger notes linked to Alpha Natural
By Angela McDaniels
Tacoma, Wash., April 20 - UBS AG, London Branch changed the coupon of its $199,972.98 of trigger yield optimization notes due Oct. 24, 2012 linked to the common stock of Alpha Natural Resources, Inc. to 19.46% per year from 19.24%, according to a 424B2 filing with the Securities and Exchange Commission.
The other terms of the notes are unchanged.
As previously reported, the face amount of each note is $16.82, which is equal to the initial share price of Alpha Natural Resources stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Alpha Natural Resources stock is less than 70% of the initial share price, in which case investors will receive one Alpha Natural Resources share per note.
The notes (Cusip: 90268R595) priced April 19 and will settle April 24.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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