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UBS to price 13%-15.25% yield optimization notes linked to General Electric
By Jennifer Chiou
New York, Jan. 14 - UBS AG plans to price yield optimization notes with contingent protection due Jan. 31, 2011 linked to the common stock of General Electric Co., according to an FWP filing with the Securities and Exchange Commission.
The notes will have a coupon of 13% to 15.25%, with the exact rate to be set at pricing. Interest will be payable quarterly.
If General Electric stock falls below the trigger price - 60% of the initial share price - on the final valuation date, the payout at maturity will be one General Electric share per note. If General Electric stock remains at or above the trigger price, the payout will be par.
The issue will price on Jan. 26 and settle on Jan. 30.
UBS Financial Services Inc. and UBS Investment Bank will be the underwriters.
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