Published on 7/19/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,991 9.47% trigger yield optimization notes on Huntsman
New York, July 19 - UBS AG, London Branch priced $99,991.12 of 9.47% trigger yield optimization notes due July 24, 2014 linked to the common stock of Huntsman Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $17.53, which is equal to the initial share price of Huntsman stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Huntsman stock is less than 77% of the initial share price, in which case investors will receive one Huntsman 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: | Huntsman Corp.
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Amount: | $99,991.12
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Maturity: | July 24, 2014
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Coupon: | 9.47%, payable monthly
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Price: | Par of $17.53
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Payout at maturity: | If final share price is less than trigger price, one Huntsman share; otherwise, par
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Initial share price: | $17.53
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Trigger price: | $13.50, 77% of initial price
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Pricing date: | July 19
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Settlement date: | July 24
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90271P859
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