By Laura Lutz
Des Moines, Dec. 10 - UBS AG priced $20.34 million of 15.07% yield optimization notes with contingent protection due June 11, 2008 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note has a principal amount of $190.00, equal to the initial price of Apple stock.
If Apple stock falls below the trigger price - 60% of the initial price - during the life of the notes, the payout at maturity will be one Apple share per note. If the stock remains at or above the trigger price, the payout will be par.
UBS Investment Bank and UBS Financial Services Inc. are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $20,337,790
|
| Maturity: | June 11, 2008
|
| Coupon: | 15.07%, payable quarterly
|
| Price: | Par of $190.00
|
| Payout at maturity: | If Apple stock falls below trigger price during life of notes, one Apple share per note; otherwise, par
|
| Initial price: | $190.00
|
| Trigger price: | $114.00, 60% of initial price
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Underwriters: | UBS Investment Bank; UBS Financial Services Inc.
|
| Fees: | 1%
|
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