By Angela McDaniels
Tacoma, Wash., April 20 - UBS AG priced $2.38 million of 10.82% yield optimization notes with contingent protection due April 21, 2011 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $20.51, which is equal to the closing price of one Disney share on the pricing date.
Interest is payable monthly.
If the final share price is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Disney 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: | Disney Corp. (NYSE: DIS)
|
| Amount: | $2,382,072
|
| Maturity: | April 21, 2011
|
| Coupon: | 10.82%, payable monthly
|
| Price: | Par of $20.51
|
| Payout at maturity: | If Disney stock finishes below the trigger price, one Disney share per note; otherwise, par
|
| Initial share price: | $20.51
|
| Trigger price: | $13.332, 65% of initial price
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
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