Published on 3/31/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $7.69 mln 9.75% trigger yield optimization notes on SanDisk
By Jennifer Chiou
New York, March 31 - UBS AG, London Branch priced $7.69 million of 9.75% trigger yield optimization notes due March 30, 2012 linked to the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes have a face value of $45.86 each, which is equal to the initial share price of SanDisk stock.
The payout at maturity will be par unless the final price of SanDisk stock is less than 70% of the initial share price, in which case the payout will be one share of SanDisk stock per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | SanDisk Corp. (Symbol: SNDK)
|
| Amount: | $7,690,400.98
|
| Maturity: | March 30, 2012
|
| Coupon: | 9.75%, payable monthly
|
| Price: | Par of $45.86
|
| Payout at maturity: | If final price of SanDisk stock is less than trigger price, one SanDisk share; otherwise, par
|
| Initial share price: | $45.86
|
| Trigger price | $32.10, 70% of initial price
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90267G434
|
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