Published on 7/20/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $169,937 14% trigger yield notes linked to Alpha Natural Resources
By Angela McDaniels
Tacoma, Wash., July 20 - UBS AG, London Branch priced $169,937 of 14% trigger yield optimization securities due July 25, 2012 linked to the common stock of Alpha Natural Resources Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a principal amount of $45.10, which is equal to the initial share price of Alpha Natural Resources stock.
Interest is payable monthly.
The payout at maturity will be par if Alpha Natural Resources stock finishes at or above 80.11% of the initial share price. Otherwise, investors will receive one share of Alpha Natural Resources stock 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 securities
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Underlying stock: | Alpha Natural Resources Inc. (NYSE: ANR)
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Amount: | $169,937
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Maturity: | July 25, 2012
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Coupon: | 14%, payable monthly
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Price: | Par of $45.10
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Payout at maturity: | If Alpha Natural Resources stock finishes at or above trigger price, par; otherwise, one Alpha Natural Resources share
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Initial share price: | $45.10
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Trigger price: | $36.13, 80.11% of initial price
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Pricing date: | July 20
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Settlement date: | July 25
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90267X486
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