New Issue: UBS prices $19.5 million 11.05% yield optimization notes linked to Whole Foods

By E. Janene Geiss

Philadelphia, May 29 - UBS AG priced a $19,520,836 offering of 11.05% yield optimization notes due May 30, 2008 linked to the common stock of Whole Foods Market Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless Whole Foods stock falls below the trigger price of $30.37 during the life of the notes - 75% of the initial share price - in which case the payout will be one share of Whole Foods stock.

UBS Investment Bank and UBS Financial Services Inc. are the agents.

Issuer:	UBS AG
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Whole Foods Market Inc.
Amount:	$19,520,836
Maturity:	May 30, 2008
Coupon:	11.05%, payable quarterly
Price:	Par of $40.49
Payout at maturity:	Par unless Whole Foods stock falls below the trigger price during the life of the notes, in which case payout will be one Whole Foods share
Initial share price:	$40.49
Trigger price:	$30.37, 75% of initial share price
Pricing date:	May 24
Settlement date:	May 31
Underwriters:	UBS Investment Bank and UBS Financial Services Inc.
Fees:	2%

© 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.