Published on 7/19/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.34 million 10.8% trigger yield optimization notes linked to Hansen
By Susanna Moon
Chicago, July 19 - UBS AG, London Branch priced $3.34 million of 10.8% annualized trigger yield optimization notes due Jan. 23, 2012 linked to Hansen Natural Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to $78.29, which is the initial price of Hansen Natural stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Hansen Natural stock is less than 80% of the initial share price, in which case investors will receive one Hansen Natural 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: | Hansen Natural Corp. (Symbol: HANS)
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Amount: | $3,342,669.84
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Maturity: | Jan. 23, 2012
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Coupon: | 10.8%, payable monthly
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Price: | Par of $78.29
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Payout at maturity: | If final share price is less than trigger price, one Hansen Natural share; otherwise, par
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Initial share price: | $78.29
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Trigger price: | $62.63, or 80% of initial price
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Pricing date: | July 15
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Settlement date: | July 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90267X742
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