Published on 12/13/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $629,000 9.5% airbag yield optimization notes linked to ANN
By Angela McDaniels
Tacoma, Wash., Dec. 13 - UBS AG, London Branch priced $629,000 of 9.5% annualized airbag yield optimization notes due June 15, 2012 linked to the common stock of ANN Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of ANN shares equal to $1,000 divided by the conversion price. The conversion price is 75% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | ANN Inc. (Symbol: ANN)
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Amount: | $629,000
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Maturity: | June 15, 2012
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Coupon: | 9.5%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, 53.2765 ANN share; otherwise, par
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Initial share price: | $25.03
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Conversion price: | $18.77, 75% of initial share price
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Pricing date: | Dec. 9
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Settlement date: | Dec. 14
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 902674GU8
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