Published on 10/19/2010 in the Prospect News Structured Products Daily.
New Issue: UBS prices $7.81 million 9.75% yield optimization notes linked to Aflac
By Angela McDaniels
Tacoma, Wash., Oct. 19 - UBS AG, London Branch priced $7.81 million of 9.75% yield optimization notes with contingent protection due Oct. 21, 2011 linked to the common stock of Aflac Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes have a face value of $54.52 each, which is equal to the initial share price of Aflac stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Aflac stock is less than 75% of the initial share price, in which case the payout will be one share of Aflac stock per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Yield optimization notes with contingent protection
|
Underlying stock: | Aflac Inc. (NYSE: AFL)
|
Amount: | $7,811,516.56
|
Maturity: | Oct. 21, 2011
|
Coupon: | 9.75%, payable monthly
|
Price: | Par of $54.52
|
Payout at maturity: | If final price of Aflac stock is less than trigger price, one Aflac share; otherwise, par
|
Initial share price: | $54.52
|
Trigger price | $40.89, 75% of initial price
|
Pricing date: | Oct. 15
|
Settlement date: | Oct. 21
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90267F618
|
© 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.