By Angela McDaniels
Tacoma, Wash., Jan. 29 - UBS AG priced $934,550 of zero-coupon 100% principal protection barrier notes due Jan. 31, 2011 linked to the euro/dollar exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.
The exchange rate expresses the number of dollars that can be exchanged for one euro.
If the exchange rate remains at or below the barrier level - 136% of the initial spot rate - throughout the life of the notes, then the payout at maturity will be par of $10 plus any appreciation of the euro relative to the dollar.
If the exchange rate ever exceeds the barrier level, then the payout will be par plus 4%.
UBS Financial Services, Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG
|
| Issue: | 100% principal protection barrier notes
|
| Underlying exchange rate: | Euro/dollar
|
| Amount: | $934,550
|
| Maturity: | Jan. 31, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If exchange rate remains at or below barrier level throughout life of notes, par plus any appreciation of euro relative to dollar; otherwise, par plus 4%
|
| Initial exchange rate: | 1.3189 dollars per euro
|
| Barrier level: | 1.7937 dollars per euro, or 136% of the initial rate
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Underwriter: | UBS Financial Services, Inc. and UBS Investment Bank
|
| Fees: | 2%
|
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