By Jennifer Chiou
New York, Sept. 30 - UBS AG priced $5.14 million of 12.75% yield optimization notes with contingent protection due March 31, 2010 linked to the common stock of Schlumberger Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face amount of $60.53, which is equal to the closing price of Schlumberger stock on the pricing date.
Interest is payable quarterly.
If the final share price of Schlumberger stock is less than 75% of the initial share price, the payout at maturity will be one Schlumberger share per note. Otherwise, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | Schlumberger Ltd. (Symbol: SLB)
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Amount: | $5,137,484
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Maturity: | March 31, 2010
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Coupon: | 12.75%, payable quarterly
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Price: | Par of $60.53
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Payout at maturity: | If Schlumberger stock finishes below trigger price, one Schlumberger share per note; otherwise, par
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Initial share price: | $60.53
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Trigger price: | $45.40, 75% of initial price
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Pricing date: | Sept. 28
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Settlement date: | Sept. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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