By Susanna Moon
Chicago, Oct. 29 - UBS AG priced $523,731 of 14.35% yield optimization notes with contingent protection due April 30, 2009 linked to the common stock of Procter & Gamble Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note has a principal amount of $57.37, the initial price of Procter & Gamble stock.
If Procter & Gamble stock falls below the trigger price - 75% of the initial price - during the life of the notes, the payout at maturity will be one Procter & Gamble 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: | Procter & Gamble Co. (NYSE: PG)
|
Amount: | $523,731
|
Maturity: | April 30, 2009
|
Coupon: | 14.35%, payable quarterly
|
Price: | Par of $57.37
|
Payout at maturity: | If Procter & Gamble stock falls below trigger price during life of notes, one Procter & Gamble share per note; otherwise, par
|
Initial price: | $57.37
|
Trigger price: | $43.03, or 75% of initial price
|
Pricing date: | Oct. 27
|
Settlement date: | Oct. 31
|
Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
Fees: | 1%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.