By Angela McDaniels
Tacoma, Wash., Aug. 31 - UBS AG, London Branch priced $10.51 million of yield optimization notes with contingent protection due Feb. 28, 2011 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The six-month notes pay 6.27% for an annualized coupon of 12.54%. Interest is payable monthly.
The notes have a face value of $80.46 each, which is the initial share price of FedEx stock.
The payout at maturity will be par unless the final price of FedEx stock is less than 80% of the initial share price, in which case the payout will be one share of FedEx stock per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | FedEx Corp. (NYSE: FDX)
|
| Amount: | $10,509,685.20
|
| Maturity: | Feb. 28, 2011
|
| Coupon: | 12.54%, payable monthly
|
| Price: | Par of $80.46
|
| Payout at maturity: | If final price of FedEx stock is less than trigger price, one FedEx share; otherwise, par
|
| Initial share price: | $80.46
|
| Trigger price | $64.37, 80% of initial price
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90267C730
|
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