Published on 5/9/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4 million trigger autocallable optimization securities linked to F5 Networks
By Toni Weeks
San Diego, May 9 - UBS AG, London Branch priced $4 million of 0% trigger autocallable optimization securities due May 10, 2012 linked to the common stock of F5 Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If F5 stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call return of 30%.
If the notes have not been called and F5 stock finishes at or above 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to any share price decline.
UBS Financial Services Inc. is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | F5 Co., Inc. (Symbol: FFIV)
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Amount: | $4 million
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Maturity: | May 10, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If F5 stock finishes at or above $70.34, which is 70% of initial price, par; otherwise exposure to losses
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Initial price: | $100.49
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Trigger price: | $70.34, 70% of initial
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Call option: | Par plus 30% per year if F5 stock closes at or above the initial share price on any of 12 monthly observation dates
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Pricing date: | May 5
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Settlement date: | May 10
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Agents: | UBS Financial Services Inc.
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Fees: | 1.25%
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Cusip: | 90267G855
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