By Angela McDaniels
Tacoma, Wash., Sept. 1 - UBS AG, London Branch priced $364,724 of 10.91% trigger yield optimization notes due Sept. 7, 2012 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial share price of Halliburton.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Halliburton stock is less than 70% of the initial share price, in which case investors will receive one Halliburton 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: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $364,723.56
|
| Maturity: | Sept. 7, 2012
|
| Coupon: | 10.91%, payable monthly
|
| Price: | Par of $43.02
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one Halliburton share per note
|
| Initial price: | $43.02
|
| Trigger price: | $30.11, 70% of initial price
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 7
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90267H275
|
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