New Issue: UBS prices $2.51 million 9.2% yield optimization notes linked to Dell

By Angela McDaniels

Tacoma, Wash., Oct. 19 - UBS AG, London Branch priced $2.51 million of 9.2% yield optimization notes with contingent protection due Oct. 21, 2011 linked to the common stock of Dell Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes have a face value of $14.49 each, which is equal to the initial share price of Dell stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Dell stock is less than 80% of the initial share price, in which case the payout will be one share of Dell stock per note.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Dell Inc. (Nasdaq: DELL)
Amount:	$2,505,552.84
Maturity:	Oct. 21, 2011
Coupon:	9.2%, payable monthly
Price:	Par of $14.49
Payout at maturity:	If final price of Dell stock is less than trigger price, one Dell share; otherwise, par
Initial share price:	$14.49
Trigger price	$11.59, 80% of initial price
Pricing date:	Oct. 15
Settlement date:	Oct. 21
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.