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UBS plans 5.6%-7.6% airbag yield optimization notes on Baker Hughes
By Angela McDaniels
Tacoma, Wash., April 17 - UBS AG, London Branch plans to price 5.6% to 7.6% annualized airbag yield optimization notes due Oct. 26, 2012 linked to the common stock of Baker Hughes Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Baker Hughes shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.
The notes (Cusip: 9026M0705) will price April 20 and settle April 26.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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