By E. Janene Geiss
Philadelphia, April 28 - UBS AG priced $3.7 million of 10.12% yield optimization notes with contingent protection due April 30, 2009 linked to the American Depositary Shares of China Mobil Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note has a principal amount of $88.95, equal to the initial price of China Mobile stock.
If China Mobile ADSs fall below the trigger price - 60% of the initial price - during the life of the notes, the payout at maturity will be one China Mobile ADS per note. If the shares remain 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
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | China Mobile Ltd. American Depositary Shares (NYSE: CHL)
|
| Amount: | $3,695,072
|
| Maturity: | April 30, 2009
|
| Coupon: | 10.12%, payable quarterly
|
| Price: | Par of $88.95
|
| Payout at maturity: | If China Mobile stock falls below trigger price during life of notes, one China Mobile share per note; otherwise, par
|
| Initial price: | $88.95
|
| Trigger price: | $53.37, 60% of initial price
|
| Pricing date: | April 24
|
| Settlement date: | April 30
|
| Underwriters: | UBS Financial Services Inc.; UBS Investment Bank
|
| Fees: | 2%
|
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