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UBS to price 8.3%-10.8% airbag notes linked to Weatherford
By Angela McDaniels
Tacoma, Wash., Dec. 12 - UBS AG, London Branch plans to price 8.3% to 10.8% annualized airbag yield optimization notes due June 22, 2012 linked to the common stock of Weatherford International Ltd., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Weatherford shares equal to $1,000 divided by the conversion price. The conversion price will be 70% of the initial share price.
The notes (Cusip: 902674HF0) will price Dec. 16 and settle Dec. 21.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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