By Susanna Moon
Chicago, Sept. 15 - UBS AG, London Branch priced $120,000 of trigger phoenix autocallable optimization securities due Sept. 24, 2012 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
If Halliburton stock closes at or above the trigger price - 60% of the initial share price - on a monthly observation date, the issuer will pay an annualized contingent coupon of 20.16%.
If the shares close at or above the initial price on a monthly observation date, the notes will be called at par of $10 plus the contingent coupon.
The payout at maturity will be par plus the contingent coupon if Halliburton shares finish at or above the trigger price.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $120,000
|
| Maturity: | Sept. 24, 2012
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| Coupon: | 20.16%, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Halliburton shares finish at or above trigger price; otherwise, par plus stock return with exposure to any losses
|
| Call: | At par plus contingent coupon if Halliburton shares close at or above initial price on a monthly observation date
|
| Initial share price: | $40.19
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| Trigger price: | $24.11, or 60% of initial share price
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 20
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90268E396
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