Published on 4/24/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $119,924 1% trigger yield optimization notes linked to HollyFrontier
New York, April 24 - UBS AG, London Branch priced $119,924.06 of 1% trigger yield optimization notes due Dec. 10, 2013 linked to the common stock of HollyFrontier Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $29.78, which is equal to the initial share price of HollyFrontier stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of HollyFrontier stock is less than 75% of the initial share price, in which case investors will receive one HollyFrontier 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: | HollyFrontier Corp. (Nasdaq: HFC)
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Amount: | $119,924.06
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Maturity: | Dec. 10, 2013
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Coupon: | 1%, payable monthly
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Price: | Par of $29.78
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Payout at maturity: | If final share price is less than trigger price, one HollyFrontier share; otherwise, par
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Initial share price: | $29.78
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Trigger price: | $22.34, 75% of initial price
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Pricing date: | April 24
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Settlement date: | April 27
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.41%
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Cusip: | 90268S197
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