By Jennifer Chiou
New York, Dec. 16 - UBS AG priced $11.95 million of 12.28% annualized yield optimization notes with contingent protection due June 21, 2010 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $194.25, which was the closing price of Apple stock at pricing.
Interest is payable quarterly.
If Apple stock finishes at or above 80% of the initial price, the payout at maturity will be par. Otherwise, investors will receive one Apple 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: | Apple Inc. (Symbol: APPL)
|
| Amount: | $11,951,037
|
| Maturity: | June 21, 2010
|
| Coupon: | 12.28%, payable quarterly
|
| Price: | Par of $194.25
|
| Payout at maturity: | If Apple shares finish below the trigger price, one Apple share per note; otherwise, par
|
| Initial share price: | $194.25
|
| Trigger price: | $155.40, 80% of initial price
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 18
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
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