New Issue: UBS prices $5.29 million 13.1% yield optimization notes linked to Goldcorp

By E. Janene Geiss

Philadelphia, Aug. 29 - UBS AG priced a $5.29 million issue of 13.1% yield optimization notes due Aug. 29, 2008 linked to the common stock of Goldcorp Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par of $22.93 unless Goldcorp stock falls below the trigger price of $17.20 - 75% of the initial share price - during the life of the notes, in which case the payout will be one share of Goldcorp stock.

UBS Investment Bank and UBS Financial Services Inc. are the underwriters.

Issuer:	UBS AG
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Goldcorp Inc. (NYSE: GG)
Amount:	$5,291,579
Maturity:	Aug. 29, 2008
Coupon:	13.1%, payable quarterly
Price:	Par of $22.93
Payout at maturity:	Par unless Goldcorp stock falls below the trigger price during the life of the notes, in which case payout will be one Goldcorp share
Initial share price:	$22.93
Trigger price:	$17.20, 75% of initial share price
Pricing date:	Aug. 27
Settlement date:	Aug. 31
Underwriters:	UBS Investment Bank and UBS Financial Services Inc.
Fees:	2%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.