By Susanna Moon
Chicago, Oct. 29 - UBS AG priced $468,809 of 11% yield optimization notes with contingent protection due April 30, 2009 linked to the common stock of Johnson & Johnson, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note has a principal amount of $60.15, the initial price of Johnson & Johnson stock.
If Johnson & Johnson stock falls below the trigger price - 75% of the initial price - during the life of the notes, the payout at maturity will be one Johnson & Johnson share per note. If the stock remains at or above the trigger price, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Johnson & Johnson (NYSE: JNJ)
|
| Amount: | $468,809
|
| Maturity: | April 30, 2009
|
| Coupon: | 11%, payable quarterly
|
| Price: | Par of $60.15
|
| Payout at maturity: | If Johnson & Johnson stock falls below trigger price during life of notes, one Johnson & Johnson share per note; otherwise, par
|
| Initial price: | $60.15
|
| Trigger price: | $45.11, or 75% of initial price
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 1%
|
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