New York, Feb. 24 - UBS AG, London Branch priced $99,953.28 of 6.95% annualized trigger yield optimization notes due Aug. 29 linked to the common stock of Hewlett-Packard Co., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $26.64, which is equal to the initial share price of Hewlett-Packard stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Hewlett-Packard stock is less than 80% of the initial share price, in which case investors will receive one Hewlett-Packard 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: | Hewlett-Packard Co. (Nasdaq: HPQ)
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Amount: | $99,953.28
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Maturity: | Aug. 29
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Coupon: | 6.95%, payable monthly
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Price: | Par of $26.64
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Payout at maturity: | If final share price is less than trigger price, one Hewlett-Packard share; otherwise, par
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Initial share price: | $26.64
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Trigger price: | $21.31, 80% of initial price
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Pricing date: | Feb. 24
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Settlement date: | Feb. 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90268K830
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