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UBS plans 8%-10.5% trigger optimization notes on United Continental
By Toni Weeks
San Diego, March 14 - UBS AG, London Branch plans to price 8% to 10.5% trigger yield optimization notes due March 22, 2013 linked to the common stock of United Continental Holdings Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly. The exact coupon will be determined at pricing.
The face amount of each note will equal the initial share price of United Continental stock.
The payout at maturity will be par unless the final price of United Continental stock is less than 55% of the initial share price, in which case investors will receive one United Continental share per note.
The notes (Cusip: 9026M0457) will price March 16 and settle March 21.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
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