Published on 4/17/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $251,799 6.61% trigger yield optimization notes linked to Hewlett-Packard
New York, April 17 - UBS AG, London Branch priced $251,799.98 of 6.61% trigger yield optimization notes due April 22, 2015 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 $31.93, 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. (NYSE: HPQ)
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Amount: | $251,799.98
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Maturity: | April 22, 2015
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Coupon: | 6.61%, payable monthly
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Price: | Par of $31.93
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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: | $31.93
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Trigger price: | $25.54, 80% of initial price
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Pricing date: | April 17
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Settlement date: | April 23
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90272F538
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