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UBS plans 7.5% to 10% yield optimization notes linked to Dow Chemical
By Jennifer Chiou
New York, Jan. 20 - UBS AG plans to price 7.5% to 10% yield optimization notes with contingent protection due July 30, 2010 linked to the common stock of Dow Chemical Co., according to an FWP with the Securities and Exchange Commission.
Interest is payable quarterly.
Each note will have a face amount equal to the closing price of Dow Chemical stock at pricing.
The payout at maturity will be par unless the price of Dow Chemical stock finishes at less than 75% of the initial price, in which case investors will receive one Dow Chemical share per note.
The notes will price on Jan. 27 and settle on Jan. 29.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
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