By Susanna Moon
Chicago, July 29 - UBS AG priced $3.54 million of 9.5% annualized yield optimization notes with contingent protection due Jan. 30, 2009 linked to Deere & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes priced at par of $69.18, equal to the price of one share on the pricing date.
If Deere stock never closes below the trigger price - 60% of the initial price - the payout at maturity will be par. Otherwise, the payout will be one Deere 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 fund: | Deere & Co. (NYSE: DE)
|
| Amount: | $3,535,306
|
| Maturity: | Jan. 30, 2009
|
| Coupon: | 9.5%, payable quarterly
|
| Price: | Par of $69.18
|
| Payout at maturity: | If the stock ever closes below the trigger price, one share; otherwise, par
|
| Initial share price: | $69.18
|
| Trigger price: | $41.51, or 60% of initial price
|
| Pricing date: | July 25
|
| Settlement date: | July 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
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