Published on 6/27/2007 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4 million 9.11% yield optimization notes linked to Cisco Systems
By E. Janene Geiss
Philadelphia, June 27 - UBS AG priced a $4 million offering of 9.11% yield optimization notes due June 30, 2008 linked to the common stock of Cisco Systems Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless Cisco Systems stock falls below the trigger price of $20.27 during the life of the notes - 75% of the initial share price - in which case the payout will be one share of Cisco System stock.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | Cisco Systems Inc.
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Amount: | $4,015,982
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Maturity: | June 30, 2008
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Coupon: | 9.11%, payable quarterly
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Price: | Par of $27.03
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Payout at maturity: | Par unless Cisco Systems stock falls below the trigger price during the life of the notes, in which case payout will be one Cisco Systems share
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Initial share price: | $27.03
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Trigger price: | $20.27, 75% of initial share price
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Pricing date: | June 25
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Settlement date: | June 29
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Underwriters: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | 2%
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