Published on 3/27/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $199,966 8.08% trigger yield optimization notes linked to Hewlett-Packard
New York, March 27 - UBS AG, London Branch priced $199,966.92 of 8.08% trigger yield optimization notes due April 4, 2013 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 $23.62, 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 85% 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: | $199,966.92
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Maturity: | April 4, 2013
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Coupon: | 8.08%, payable monthly
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Price: | Par of $23.62
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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: | $23.62
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Trigger price: | $20.08, 85% 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: | 1.85%
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Cusip: | 90268M505
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