Published on 9/23/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $104,897 14.92% trigger yield optimization notes on JPMorgan
By Toni Weeks
San Diego, Sept. 23 - UBS AG, London Branch priced $104,897 of 14.92% annualized trigger yield optimization notes due March 28, 2012 linked to the common stock of JPMorgan Chase & Co., 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 JPMorgan stock.
The payout at maturity will be par in cash unless the final price of JPMorgan stock is less than 65% of the initial share price, in which case investors will receive one JPMorgan 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: | JPMorgan Chase & Co. (NYSE: JPM)
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Amount: | $104,896.55
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Maturity: | March 28, 2012
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Coupon: | 14.92%, payable monthly
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Price: | Par of $29.59
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Payout at maturity: | If final share price is less than trigger price, one JPMorgan share; otherwise, par
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Initial share price: | $29.59
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Trigger price: | $19.23, 65% of initial price
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Pricing date: | Sept. 23
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Settlement date: | Sept. 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90268D448
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