Published on 3/27/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 trigger autocallables linked to Freeport-McMoRan
New York, March 27 - UBS AG, London Branch priced $100,000 of 0% trigger autocallable optimization securities due April 4, 2013 linked to the common stock of Freeport-Mcmoran Copper & Gold, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 18.53% per year if Freeport-McMoRan shares close at or above the initial share price on any observation date, which occurs every two months.
If the notes are not called and Freeport-McMoRan shares finish at or above the trigger price, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Freeport-Mcmoran Copper & Gold, Inc. (Nasdaq: FCX)
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Amount: | $100,000
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Maturity: | April 4, 2013
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par if Freeport-McMoRan shares finish at or above trigger price; otherwise, full exposure to share price decline
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Call: | Automatically at par plus 18.53% per year if Freeport-McMoRan shares close at or above initial share price on any observation date, which occurs every two months.
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Initial share price: | $38.75
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Trigger price: | $27.13, 70% of initial price
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Pricing date: | March 27
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Settlement date: | March 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.37%
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Cusip: | 90268M588
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