Published on 2/17/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $27.72 million trigger autocallable optimization notes on Halliburton
By Marisa Wong
Madison, Wis., Feb. 17 - UBS AG, London Branch priced $27.72 million of 0% trigger autocallable optimization securities due Feb. 24, 2012 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.
If Halliburton 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 22.13%.
The payout at maturity will be par if Halliburton stock finishes at or above 80% of the initial share price. Otherwise, investors will be exposed to any share price decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $27,723,000
|
| Maturity: | Feb. 24, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If Halliburton stock finishes at or above trigger price, par; otherwise, par plus stock return
|
| Call: | At par plus premium of 22.13% per year if Halliburton stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $47.49
|
| Trigger price: | $37.99, 80% of initial price
|
| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90267G129
|
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