Published on 10/20/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,992 11.34% trigger yield optimization notes tied to Dell
By Toni Weeks
San Diego, Oct. 20 - UBS AG, London Branch priced $99,992 of 11.34% trigger yield optimization notes due Oct. 25, 2012 linked to the common stock of Dell Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Dell stock.
The payout at maturity will be par in cash unless the final price of Dell stock is less than 75% of the initial share price, in which case investors will receive one Dell share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Dell Inc. (Nasdaq: DELL)
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Amount: | $99,992.20
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Maturity: | Oct. 25, 2012
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Coupon: | 11.34%, payable monthly
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Price: | Par of $15.05
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Payout at maturity: | If final share price is less than trigger price, one Dell share; otherwise, par
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Initial share price: | $15.05
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Trigger price: | $11.29, 75% of initial price
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Pricing date: | Oct. 20
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Settlement date: | Oct. 25
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90267N637
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