Published on 2/14/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $124,977 7.64% trigger yield optimization notes linked to Newfield Exploration
New York, Feb. 14 - UBS AG, London Branch priced $124,977.06 of 7.64% trigger yield optimization notes due Feb. 20, 2014 linked to the common stock of Newfield Exploration Co., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $28.11, which is equal to the initial share price of Newfield Exploration stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Newfield Exploration stock is less than 80% of the initial share price, in which case investors will receive one Newfield Exploration share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Newfield Exploration Co. (NYSE: NFX)
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Amount: | $124,977.06
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Maturity: | Feb. 20, 2014
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Coupon: | 7.64%, payable monthly
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Price: | Par of $28.11
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Payout at maturity: | If final share price is less than trigger price, one Newfield Exploration share; otherwise, par
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Initial share price: | $28.11
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Trigger price: | $22.49, 80% of initial price
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90271D443
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