By Laura Lutz
Des Moines, Feb. 27 - UBS AG priced $3.88 million of 10.69% yield optimization notes with contingent protection due Feb. 27, 2009 linked to the common stock of Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
Each note has a principal amount of $18.97, equal to the initial price of Oracle stock.
If Oracle stock falls below the trigger price - 70% of the initial price - during the life of the notes, the payout at maturity will be one Oracle 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: | Oracle Corp. (Nasdaq: ORCL)
|
| Amount: | $3,881,907
|
| Maturity: | Feb. 27, 2009
|
| Coupon: | 10.69%, payable quarterly
|
| Price: | Par of $18.97
|
| Payout at maturity: | If Oracle stock falls below 70% of initial price during life of notes, one Oracle share per note; otherwise, par
|
| Initial price: | $18.97
|
| Trigger price: | $13.28, 70% of initial price
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 29
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 2%
|
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