Published on 5/18/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $169,947 28% trigger yield optimization notes linked to First Solar
New York, May 18 - UBS AG, London Branch priced $169,947.66 of 28% annualized trigger yield optimization notes due Dec. 19 linked to the common stock of First Solar, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $13.69, which is equal to the initial share price of First Solar stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of First Solar stock is less than 50% of the initial share price, in which case investors will receive one First Solar 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: | First Solar, Inc. (Nasdaq: FSLR)
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Amount: | $169,947.66
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Maturity: | Dec. 19
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Coupon: | 28%, payable monthly
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Price: | Par of $13.69
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Payout at maturity: | If final share price is less than trigger price, one First Solar share; otherwise, par
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Initial share price: | $13.69
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Trigger price: | $6.84, 50% of initial price
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Pricing date: | May 18
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Settlement date: | May 23
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90268V448
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