Published on 6/17/2008 in the Prospect News Structured Products Daily.
New Issue: UBS prices $14.26 million 13.45% yield optimization notes linked to General Electric
By Susanna Moon
Chicago, June 17 - UBS AG priced $14.26 million of 13.45% yield optimization notes with contingent protection due Dec. 18, 2008 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If General Electric stock falls below the trigger price - 80% of the initial price - during the life of the notes, the payout at maturity will be a number of General Electric shares equal to par divided by the initial share price.
Otherwise, 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: | General Electric Co. (NYSE: GE)
|
| Amount: | $14,255,254
|
| Maturity: | Dec. 18, 2008
|
| Coupon: | 13.45%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If General Electric stock falls below its trigger price during life of notes, 34.3053 General Electric shares; otherwise, par
|
| Initial price: | $29.15
|
| Trigger price: | $23.32, or 80% of initial price
|
| Pricing date: | June 13
|
| Settlement date: | June 18
|
| Underwriters | UBS Financial Services Inc., BS Investment Bank
|
| Fees: | 1%
|
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