By Jennifer Chiou
New York, July 30 - UBS AG, London Branch priced $4 million of 0% autocallable optimization securities with contingent protection due Aug. 4, 2011 linked to the common stock of Anadarko Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Anadarko Petroleum stock closes at or above its initial share price on any of 12 monthly observation dates, the notes will be called automatically and investors will receive par of $10 plus an annualized call premium of 36%.
The payout at maturity will be par if the stock finishes at or above 60% of its initial price. Otherwise, investors will be exposed to the share price decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Autocallable optimization securities with contingent protection
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Underlying stock: | Anadarko Petroleum Corp. (Symbol: APC)
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Amount: | $4 million
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Maturity: | Aug. 4, 2011
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final share price is greater than or equal to trigger price, par; otherwise, par plus stock return
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Call: | At par plus annualized call premium of 36% if Anadarko Petroleum stock closes at or above initial share price on any of 12 monthly observation dates
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Initial share price: | $49.95
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Trigger price: | $29.97, 60% of initial share price
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.25%
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Cusip: | 90267C623
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