By Angela McDaniels
Tacoma, Wash., Nov. 14 - UBS AG, London Branch priced $106,905 of 15.9% annualized trigger yield optimization notes due May 16, 2012 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $39.86, which is equal to the initial share price of Freeport-McMoRan stock.
Interest is payable at maturity.
The payout at maturity will be par unless the final price of Freeport-McMoRan stock is less than 70% of the initial share price, in which case investors will receive one Freeport-McMoRan share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
|
| Amount: | $106,904.52
|
| Maturity: | May 16, 2012
|
| Coupon: | 15.9%, payable at maturity
|
| Price: | Par of $39.86
|
| Payout at maturity: | If final share price is less than trigger price, one Freeport-McMoRan share; otherwise, par
|
| Initial share price: | $39.86
|
| Trigger price: | $27.90, 70% of initial price
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 16
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90267M266
|
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