Published on 3/28/2007 in the Prospect News Convertibles Daily and Prospect News Structured Products Daily.
New Issue: UBS prices $11 million 9.25% yield optimization notes linked to Intel
By E. Janene Geiss
Philadelphia, March 28 - UBS AG priced an $11,155,889 offering of 9.25% yield optimization notes due March 31, 2008 linked to the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par of $19.29 unless Intel stock falls below the trigger price of $14.47 during the life of the notes, in which case the payout will be one share of Intel stock.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | Intel Corp.
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Amount: | $11,155,889
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Maturity: | March 31, 2008
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Coupon: | 9.25%, payable quarterly
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Price: | Par of $19.29
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Payout at maturity: | Par unless Intel stock falls below the trigger price during the life of the notes, in which case payout will be one Intel share
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Initial share price: | $19.29
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Trigger price: | $14.47, 75% of initial share price
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Pricing date: | March 26
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Settlement date: | March 30
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Underwriters: | UBS Investment Bank and UBS Financial Services Inc.
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Underwriting discount: | 0.39%
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