By Angela McDaniels
Tacoma, Wash., July 8 - UBS AG priced $5.22 million of yield optimization notes with contingent protection due Dec. 9, 2008 linked to Standard & Poor's Depositary Receipts, according to a 424B2 filing with the Securities and Exchange Commission.
The five-month notes carry an annualized coupon of 10%. Interest is payable at maturity.
The notes priced at par of $126.31, equal to the price of one SPDR on the pricing date.
If the SPDRs never close below the trigger price - 85% of the initial price - the payout at maturity will be par. Otherwise, the payout will be one SPDR per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying fund: | Standard & Poor's Depositary Receipts
|
| Amount: | $5,222,919
|
| Maturity: | Dec. 9, 2008
|
| Coupon: | 10%, payable at maturity
|
| Price: | Par of $126.31
|
| Payout at maturity: | If the SPDRs ever close below the trigger price, one SPDR; otherwise, par
|
| Initial SPDR price: | $126.31
|
| Trigger price: | $107.36, 85% of initial price
|
| Pricing date: | July 3
|
| Settlement date: | July 9
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.7%
|
© 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.
