By Susanna Moon
Chicago, Sept. 13 - UBS AG, London Branch priced $759,978 of 16.6% annualized trigger yield optimization notes due Dec. 15, 2011 linked to Sprint Nextel Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial share price of Sprint Nextel.
The payout at maturity will be par unless the final price of Sprint Nextel stock is less than 60% of the initial share price, in which case investors will receive one Sprint Nextel share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Sprint Nextel Corp. (NYSE: S)
|
| Amount: | $759,978.20
|
| Maturity: | Dec. 15, 2011
|
| Coupon: | 16.6%, payable monthly
|
| Price: | Par of $3.40
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one Sprint Nextel share per note
|
| Initial share price: | $3.40
|
| Trigger price: | $2.04, or 60% of initial share price
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 15
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.5%
|
| Cusip: | 90267H770
|
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