By E. Janene Geiss
Philadelphia, Sept. 26 - UBS AG priced $5.06 million of 12% yield optimization notes with contingent protection due March 31, 2009 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note has a principal amount of $25.72, the initial price of Microsoft stock.
If Microsoft stock falls below the trigger price - 75% of the initial price - during the life of the notes, the payout at maturity will be one Microsoft share per note. If the stock remains at or above the trigger price, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Microsoft Corp. (Nasdaq: MSFT)
|
| Amount: | $5,059,432.64
|
| Maturity: | March 31, 2009
|
| Coupon: | 12%, payable quarterly
|
| Price: | Par of $25.72
|
| Payout at maturity: | If Microsoft stock falls below trigger price during life of notes, one Microsoft share per note; otherwise, par
|
| Initial price: | $25.72
|
| Trigger price: | $19.29, or 75% of initial price
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 30
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 1%
|
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