By Susanna Moon
Chicago, Oct. 29 - UBS AG priced $7.48 million of 9.05% yield optimization notes with contingent protection due Oct. 31, 2011 based on the performance of Boeing Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Each note has a face value of $70.86, which is equal to the closing price of Boeing stock on the pricing date.
The payout at maturity will be par unless the stock finishes below 80% of the initial share price, in which case the payout will be one share of Boeing stock 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: | Boeing Co. (NYSE: BA)
|
| Amount: | $7,476,367.74
|
| Maturity: | Oct. 31, 2011
|
| Coupon: | 9.05%, payable monthly
|
| Price: | Par of $70.86
|
| Payout at maturity: | If final share price is less than trigger price of $56.69, one Boeing share; otherwise, par
|
| Initial share price: | $70.86
|
| Trigger price: | $56.69, or 80% of initial price
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 29
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90267F634
|
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