By Angela McDaniels
Seattle, March 26 - UBS AG priced a $3.736 million offering of principal-protected callable daily range accrual notes due March 30, 2009 linked to the 10-year Constant Maturity U.S. Treasury rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest on the notes will accrue at 6.2% per year for each day the 10-year Constant Maturity Treasury rate is between 4.25% and 5.15%, inclusive. Interest will be paid and reset quarterly.
The notes are callable at par plus accrued interest on any interest payment date beginning Sept., 30 2007.
If the notes are not called, the payout at maturity will be par plus accrued interest, if any.
UBS Investment Bank and UBS Financial Services Inc. are managers.
| Issuer: | UBS AG
|
| Issue: | Principal-protected callable daily range accrual notes
|
| Amount: | $3.736 million
|
| Maturity: | March 30, 2009
|
| Coupon: | 6.2% per year for each day the 10-year Constant Maturity Treasury rate is between 4.25% and 5.15%, inclusive; payable and reset quarterly
|
| Price: | Par
|
| Call: | At par plus accrued interest on interest payment dates beginning Sept. 30, 2007
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | March 23
|
| Settlement date: | March 30
|
| Underwriters: | UBS Investment Bank and UBS Financial Services Inc.
|
| Underwriting discount: | 1.25%
|
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