By Susanna Moon
Chicago, July 27 - UBS AG priced $1.75 million of 12.16% annualized yield optimization notes with contingent protection due July 29, 2011 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $24.26, which was the closing price of Wells Fargo stock on the pricing date.
Interest is payable quarterly.
If Wells Fargo stock finishes at or above 75% of the initial price, the payout at maturity will be par.
Otherwise, investors will receive one Wells Fargo 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: | Wells Fargo & Co. (NYSE: WFC)
|
| Amount: | $1,749,995.10
|
| Maturity: | July 29, 2011
|
| Coupon: | 12.16%, payable quarterly
|
| Price: | Par of $24.26
|
| Payout at maturity: | If Wells Fargo shares finish below the trigger price, one Wells Fargo share per note; otherwise, par
|
| Initial share price: | $24.26
|
| Trigger price: | $14.56, or 60% of initial price
|
| Pricing date: | July 23
|
| Settlement date: | July 29
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
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