Published on 10/21/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $249,943 12.37% trigger yield optimization notes linked to Transocean
By Toni Weeks
San Diego, Oct. 21 - UBS AG, London Branch priced $249,943 of 12.37% trigger yield optimization notes due Oct. 25, 2012 linked to the common stock of Transocean Ltd., 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 Transocean stock.
The payout at maturity will be par in cash unless the final price of Transocean stock is less than 70% of the initial share price, in which case investors will receive one Transocean 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: | Transocean Ltd. (NYSE: RIG)
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Amount: | $249,942.56
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Maturity: | Oct. 25, 2012
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Coupon: | 12.37%, payable monthly
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Price: | Par of $54.43
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Payout at maturity: | If final share price is less than trigger price, one Transocean share; otherwise, par
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Initial share price: | $54.43
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Trigger price: | $38.10, 70% of initial price
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Pricing date: | Oct. 21
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Settlement date: | Oct. 26
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90267N785
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