By E. Janene Geiss
Philadelphia, March 27 - UBS AG priced $4.14 million of 11.68% yield optimization notes with contingent protection due March 31, 2009 linked to the common stock of Whole Foods Market, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
Each note has a principal amount of $33.21, equal to the initial price of Whole Foods stock.
If Whole Foods stock falls below the trigger price - 60% of the initial price - during the life of the notes, the payout at maturity will be one Whole Foods share per note. If the stock remains at or above the trigger price, the payout will be par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG
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Issue: | Yield optimization notes with contingent protection
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Underlying stock: | Whole Foods Market, Inc. (Nasdaq: WFMI)
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Amount: | $4,137,202
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Maturity: | March 31, 2009
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Coupon: | 11.68%, payable quarterly
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Price: | Par of $33.21
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Payout at maturity: | If Whole Foods stock falls below 60% of initial price during life of notes, one Whole Foods share per note; otherwise, par
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Initial price: | $33.21
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Trigger price: | $19.93, 60% of initial price
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Pricing date: | March 25
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Settlement date: | March 31
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Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
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Fees: | 2%
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