Published on 1/29/2008 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.74 million 13.9% yield optimization notes linked to Yahoo!
By E. Janene Geiss
Philadelphia, Jan. 29 - UBS AG priced $3.74 million of 13.9% yield optimization notes with contingent protection due Jan. 30, 2009 linked to the common stock of Yahoo! Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If Yahoo! stock falls below the trigger price - 65% of the initial share price - during the life of the notes, the payout at maturity will be one Yahoo! share per note. If the stock remains at or above the trigger price, the payout will be par.
UBS Investment Bank and UBS Financial Services Inc. are the underwriters.
Issuer: | UBS AG
|
Issue: | Yield optimization notes with contingent protection
|
Underlying stock: | Yahoo! Inc. (Nasdaq: YHOO)
|
Amount: | $3,735,787
|
Maturity: | Jan. 30, 2009
|
Coupon: | 13.9%, payable quarterly
|
Price: | Par of $21.94
|
Payout at maturity: | If Yahoo! stock falls below trigger price during life of notes, one Yahoo! share per note; otherwise, par
|
Initial share price: | $21.94
|
Trigger price: | $14.26, 65% of initial share price
|
Pricing date: | Jan. 25
|
Settlement date: | Jan. 31
|
Underwriters: | UBS Investment Bank; 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.