Published on 6/17/2008 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.83 million 8.62% yield optimization notes linked to Vodafone
By Susanna Moon
Chicago, June 17 - UBS AG priced $2.83 million of 8.62% yield optimization notes with contingent protection due Dec. 18, 2008 linked to the American depositary shares representing common stock of Vodafone Group Public Ltd. Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If Vodafone stock falls below the trigger price - 70% of the initial price - during the life of the notes, the payout at maturity will be a number of Vodafone 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: | Vodafone Group Public Ltd. Co. (NYSE: VOD)
|
| Amount: | $2,828,158
|
| Maturity: | Dec. 18, 2008
|
| Coupon: | 8.62%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If Vodafone stock falls below its trigger price during life of notes, 33.4225 Vodafone shares; otherwise, par
|
| Initial price: | $29.92
|
| Trigger price: | $20.94, or 70% 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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