Published on 10/29/2007 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.27 million 10.17% yield optimization notes linked to Hewlett-Packard
By E. Janene Geiss
Philadelphia, Oct. 29 - UBS AG priced a $3.27 million issue of 10.17% yield optimization notes due Oct. 31, 2008 linked to the common stock of Hewlett-Packard Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par of $51.39 unless the stock falls below the trigger price of $38.54 - 75% of the initial share price - during the life of the notes, in which case the payout will be one share of Hewlett-Packard stock per note.
UBS Investment Bank and UBS Financial Services Inc. are the underwriters.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | Hewlett-Packard Co. (NYSE: HPQ)
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Amount: | $3,267,068
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Maturity: | Oct. 31, 2008
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Coupon: | 10.17%, payable quarterly
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Price: | Par of $51.39
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Payout at maturity: | Par unless the stock falls below the trigger price during the life of the notes, in which case payout will be one Hewlett-Packard share per note
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Initial share price: | $51.39
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Trigger price: | $38.54, 75% of initial share price
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Pricing date: | Oct. 25
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Settlement date: | Oct. 31
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Underwriters: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | 2%
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