By Susanna Moon
Chicago, Sept. 26 - UBS AG, London Branch priced $249,967 of 11.38% trigger yield optimization notes due Oct. 1, 2012 linked to Honeywell International Inc. shares, 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 Honeywell.
Interest is payable quarterly.
The payout at maturity will be par unless the final price of Honeywell stock is less than 80% of the initial share price, in which case investors will receive one Honeywell share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Honeywell International Inc. (NYSE: HON)
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Amount: | $249,966.60
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Maturity: | Oct. 1, 2012
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Coupon: | 11.38%, payable quarterly
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Price: | Par of $43.80
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Payout at maturity: | Par unless final price is less than trigger price, in which case one Honeywell share per note
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Initial share price: | $43.80
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Trigger price: | $35.04, or 80% of initial share price
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90268D646
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