By Angela McDaniels
Tacoma, Wash., March 31 - UBS AG priced $4.76 million of 16.16% yield optimization notes with contingent protection due March 31, 2011 linked to the common stock of Nucor Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $40.54, which is equal to the closing price of one Nucor share on the pricing date.
Interest is payable monthly.
If the final share price is greater than or equal to 50% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Nucor share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Nucor Corp. (NYSE: NUE)
|
| Amount: | $4,764,382
|
| Maturity: | March 31, 2011
|
| Coupon: | 16.16%, payable monthly
|
| Price: | Par of $40.54
|
| Payout at maturity: | If Nucor stock finishes below the trigger price, one Nucor share per note; otherwise, par
|
| Initial share price: | $40.54
|
| Trigger price: | $20.27, 50% of initial price
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
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