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UBS plans 9%-11.5% yield optimization notes linked to Peabody Energy
By Susanna Moon
Chicago, Dec. 22 - UBS AG, London Branch plans to price 9% to 11.5% annualized yield optimization notes with contingent protection due June 30, 2011 based on the common stock of Peabody Energy Corp., according to an FWP with the Securities and Exchange Commission.
Interest will be payable monthly. The exact coupon will be set at pricing.
The face amount of each note will be equal to the initial share price of Peabody stock.
The payout at maturity will be par unless the final price of Peabody stock is less than 80% of the initial share price, in which case investors will receive one Peabody share per note.
The notes (Cusip: 90267F394) are expected to price on Dec. 29 and settle on Dec. 31.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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