Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,988 16.31% trigger yield optimization notes linked to Research in Motion
New York, May 30 - UBS AG, London Branch priced $99,988.28 of 16.31% annualized trigger yield optimization notes due Jan. 3, 2014 linked to the common stock of Research In Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $14.42, which is equal to the initial share price of Research in Motion stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Research in Motion stock is less than 70% of the initial share price, in which case investors will receive one Research in Motion 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: | Research In Motion Ltd. (Nasdaq: BBRY)
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Amount: | $99,988.28
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Maturity: | Jan. 3, 2014
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Coupon: | 16.31%, payable monthly
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Price: | Par of $14.42
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Payout at maturity: | If final share price is less than trigger price, one Research in Motion share; otherwise, par
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Initial share price: | $14.42
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Trigger price: | $10.09, 70% of initial price
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Pricing date: | May 30
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Settlement date: | June 4
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.1%
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Cusip: | 90271H758
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