By Jennifer Chiou
New York, June 26 - UBS AG priced a $5.83 million offering of 12.98% yield optimization notes due June 30, 2009 linked to the common stock of Home Depot Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at par of $25.31.
Interest is payable quarterly.
The payout at maturity will be par unless Home Depot stock falls below the trigger price of $17.72 during the life of the notes - 70% of the initial share price - in which case the payout will be one share of Home Depot stock.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Home Depot Inc. (Symbol: HD)
|
| Amount: | $5,833,246
|
| Maturity: | June 30, 2009
|
| Coupon: | 12.98%, payable quarterly
|
| Price: | Par of $25.31
|
| Payout at maturity: | Par unless Home Depot stock falls below the trigger price during the life of the notes, in which case payout will be one Home Depot share
|
| Initial share price: | $25.31
|
| Trigger price: | $17.72, 70% of initial share price
|
| Pricing date: | June 24
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
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