By Susanna Moon
Chicago, Feb. 16 - UBS AG priced $16.15 million of 11.35% yield optimization notes with contingent protection due Feb. 17, 2011 based on the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $11.18, which was the closing price of Ford stock at pricing.
Interest is payable monthly.
If the final share price of Ford stock is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Ford 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: | Ford Motor Co. (NYSE: F)
|
| Amount: | $16,154,082.62
|
| Maturity: | Feb. 17, 2011
|
| Coupon: | 11.35%, payable monthly
|
| Price: | Par of $11.18
|
| Payout at maturity: | If Ford shares finish below trigger price, one Ford share; otherwise, par
|
| Initial share price: | $11.18
|
| Trigger price: | $7.27, or 65% of initial price
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 17
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90267B880
|
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