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UBS plans 6.15%-8.65% trigger yield optimization notes on Southwestern
By Marisa Wong
Madison, Wis., April 3 - UBS AG, London Branch plans to price 6.15% to 8.65% trigger yield optimization notes due April 11, 2013 linked to the common stock of Southwestern Energy Co., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly. The exact coupon will be determined at pricing.
The face amount of each note will equal the initial share price of Southwestern stock.
The payout at maturity will be par unless the final price of Southwestern stock is less than 75% of the initial share price, in which case investors will receive one Southwestern share per note.
The notes (Cusip: 9026M0572) will price April 5 and settle April 11.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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