By Susanna Moon
Chicago, April 25 - UBS AG priced $7.11 million of 8.9% annualized yield optimization notes with contingent protection due Oct. 30, 2008 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
Each note has a principal amount of $31.64, equal to the initial price of Disney stock.
If Disney stock falls below the trigger price - 75% of the initial price - during the life of the notes, the payout at maturity will be one Disney share per note. If the stock remains at or above the trigger price, 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: | Walt Disney Co. (NYSE: DIS)
|
Amount: | $7,110,552
|
Maturity: | Oct. 30, 2008
|
Coupon: | 8.9%, payable quarterly
|
Price: | Par of $31.64
|
Payout at maturity: | If Disney stock falls below 75% of initial price during life of notes, one Disney share per note; otherwise, par
|
Initial price: | $31.64
|
Trigger price: | $23.73, 75% of initial price
|
Pricing date: | April 23
|
Settlement date: | April 30
|
Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
Fees: | 1%
|
© 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.