New Issue: UBS prices $18.42 million 19.3% yield optimization notes linked to Las Vegas Sands

By Jennifer Chiou

New York, Jan. 17 - UBS AG priced $18.42 million of 19.3% yield optimization notes with contingent protection due July 18, 2008 linked to the common stock of Las Vegas Sands Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If Las Vegas Sands stock falls below the trigger price - 60% of the initial price - during the life of the notes, the payout at maturity will be one Las Vegas Sands share per note. If the stock remains at or above the trigger price, the payout will be par.

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

Issuer:	UBS AG
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Las Vegas Sands Corp. (Symbol: LVS)
Amount:	$18,420,450
Maturity:	July 18, 2008
Coupon:	19.3%, payable quarterly
Price:	Par of $78.89
Payout at maturity:	If Las Vegas Sands stock falls below trigger price during life of notes, one Las Vegas Sands share per note; otherwise, par
Initial price:	$78.89
Trigger price:	$47.33, 60% of initial price
Pricing date:	Jan. 15
Settlement date:	Jan. 18
Underwriters:	UBS Investment Bank; UBS Financial Services Inc.
Fees:	1%

© 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.