By E. Janene Geiss
Philadelphia, May 22 - UBS AG priced $4.09 million of 12.62% annualized yield optimization notes with contingent protection due Nov. 25, 2008 linked to the common stock of the Goldcorp Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable in two installments.
Each note has a principal amount of $43.10, equal to the initial price of Goldcorp stock.
If Goldcorp stock falls below the trigger price - 65% of the initial price - during the life of the notes, the payout at maturity will be one Goldcorp 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: | Goldcorp Inc. (NYSE: GG)
|
| Amount: | $4,094,457
|
| Maturity: | Nov. 25, 2008
|
| Coupon: | 12.62%, payable in two installments
|
| Price: | Par of $43.10
|
| Payout at maturity: | If Goldcorp stock falls below 65% of initial price during life of notes, one Goldcorp share per note; otherwise, par
|
| Initial price: | $43.10
|
| Trigger price: | $28.02, 65% of initial price
|
| Pricing date: | May 20
|
| Settlement date: | May 23
|
| Underwriters: | UBS Financial Services Inc.; 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.
