Published on 9/27/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $169,625 10.49% trigger yield notes linked to FedEx
By Angela McDaniels
Tacoma, Wash., Sept. 27 - UBS AG, London Branch priced $169,625 of 10.49% annualized trigger yield optimization notes due Dec. 30, 2011 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $70.53, which is equal to the initial share price of FedEx stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of FedEx stock is less than 80% of the initial share price, in which case investors will receive one FedEx share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | FedEx Corp. (NYSE: FDX)
|
| Amount: | $169,624.65
|
| Maturity: | Dec. 30, 2011
|
| Coupon: | 10.49%, payable monthly
|
| Price: | Par of $70.53
|
| Payout at maturity: | If final share price is less than trigger price, one FedEx share; otherwise, par
|
| Initial share price: | $70.53
|
| Trigger price: | $56.42, 80% of initial price
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.7%
|
| Cusip: | 90268D786
|
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