By Susanna Moon
Chicago, Nov. 30 - UBS AG priced $2.82 million of 10.15% annualized yield optimization notes with contingent protection due May 28, 2010 linked to the common stock of XTO Energy Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $43.06, which was the closing price of XTO Energy stock at pricing.
Interest is payable quarterly.
If XTO Energy stock finishes at or above 75% of the initial price, the payout at maturity will be par. Otherwise, investors will receive one XTO Energy share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | XTO Energy Inc. (Symbol: XTO)
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Amount: | $2,818,191
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Maturity: | May 28, 2010
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Coupon: | 10.15%, payable quarterly
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Price: | Par of $43.06
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Payout at maturity: | If XTO Energy shares finish below the trigger price, one XTO Energy share per note; otherwise, par
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Initial share price: | $43.06
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Trigger price: | $32.30, or 75% of initial price
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Pricing date: | Nov. 25
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Settlement date: | Nov. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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