New Issue: UBS prices $4.81 million 10% trigger yield optimization notes linked to Newfield

By Susanna Moon

Chicago, May 10 - UBS AG, London Branch priced $4.81 million of 10 % annualized trigger yield optimization notes due Nov. 14, 2011 linked to Newfield Exploration Co. shares, 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 Newfield stock.

The payout at maturity will be par unless the final price of Newfield stock is less than 80% of the initial share price, in which case investors will receive one Newfield share per note.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Newfield Exploration Co. (NYSE: NFX)
Amount:	$4,805,684
Maturity:	Nov. 14, 2011
Coupon:	10%, payable monthly
Price:	Par of $67.60
Payout at maturity:	If final share price is less than trigger price, one Newfield share; otherwise, par
Initial share price:	$67.60
Trigger price:	$54.08, or 80% of initial price
Pricing date:	May 6
Settlement date:	May 11
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90267G574

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.