By E. Janene Geiss
Philadelphia, April 28 - UBS AG priced $5.02 million of 15.9% yield optimization notes with contingent protection due July 31, 2008 linked to the common stock of Centex Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note has a principal amount of $20.92, equal to the initial price of Centex stock.
If Centex stock falls below the trigger price - 45% of the initial price - during the life of the notes, the payout at maturity will be one Centex 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: | Centex Corp. (NYSE: CTX)
|
| Amount: | $5,020,277
|
| Maturity: | July 31, 2008
|
| Coupon: | 15.9%, payable quarterly
|
| Price: | Par of $20.92
|
| Payout at maturity: | If Chevron stock falls below trigger price during life of notes, one Chevron share per note; otherwise, par
|
| Initial price: | $20.92
|
| Trigger price: | $9.41, 45% of initial price
|
| Pricing date: | April 24
|
| Settlement date: | April 30
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 0.6%
|
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