Published on 9/14/2015 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,997 11.67% trigger yield optimization notes on Rite Aid
New York, Sept. 14 – UBS AG, London Branch priced $99,997.2 of 11.67% annualized trigger yield optimization notes due March 17, 2016 linked to the common stock of Rite Aid Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $8.46, which is equal to the initial share price of Rite Aid stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Rite Aid stock is less than 80% of the initial share price, in which case investors will receive one Rite Aid 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: | Rite Aid Corp. (NYSE: RAD)
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Amount: | $99,997.2
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Maturity: | March 17, 2016
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Coupon: | 11.67%, payable monthly
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Price: | Par of $8.46
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Payout at maturity: | If final share price is less than trigger price, one Rite Aid share; otherwise, par
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Initial share price: | $8.46
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Trigger price: | $6.77, 80% of initial price
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Pricing date: | Sept. 14
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Settlement date: | Sept. 17
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90275A502
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