By Susanna Moon
Chicago, March 16 - UBS AG priced $4.38 million of 8.43% yield optimization notes with contingent protection due March 21, 2011 based on the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $29.89, which was the closing price of Wells Fargo stock at pricing.
Interest is payable monthly.
If the final share price of Wells Fargo stock is at or above 80% of the initial price, the payout at maturity will be par. Otherwise, the payout will be 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: | $4,376,733
|
| Maturity: | March 21, 2011
|
| Coupon: | 8.43%, payable monthly
|
| Price: | Par of $29.89
|
| Payout at maturity: | If Wells Fargo shares finish below trigger price, one Wells Fargo share; otherwise, par
|
| Initial share price: | $29.89
|
| Trigger price: | $23.91, or 80% of initial price
|
| Pricing date: | March 15
|
| Settlement date: | March 19
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90267C128
|
© 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.
