By Susanna Moon
Chicago, June 30 - UBS AG priced $4.49 million of 10.1% annualized yield optimization notes with contingent protection due Dec. 31, 2009 linked to the common stock of Travelers Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $40.88, which was the closing price of Travelers stock on the pricing date.
Interest is payable quarterly.
If Travelers stock finishes at or above 75% of the initial price, the payout at maturity will be par.
Otherwise, investors will receive one Travelers share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Travelers Cos., Inc. (NYSE: TRV)
|
| Amount: | $4,487,602
|
| Maturity: | Dec. 31, 2009
|
| Coupon: | 10.1%, payable quarterly
|
| Price: | Par of $40.88
|
| Payout at maturity: | If Travelers shares finish below the trigger price, one Travelers share per note; otherwise, par
|
| Initial share price: | $40.88
|
| Trigger price: | $30.66, or 75% of initial price
|
| Pricing date: | June 26
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and 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.
