Published on 11/18/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $159,828 of 11.59% trigger yield optimization notes tied to Schlumberger
By Susanna Moon
Chicago, Nov. 18 - UBS AG, London Branch priced $159,828 of 11.59% trigger yield optimization notes due Nov. 23, 2012 linked to Schlumberger Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Schlumberger stock.
The payout at maturity will be par in cash unless the final price of Schlumberger stock is less than 70% of the initial share price, in which case investors will receive one Schlumberger share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Schlumberger Ltd. (NYSE: SLB)
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Amount: | $159,828.12
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Maturity: | Nov. 23, 2012
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Coupon: | 11.59%, payable monthly
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Price: | Par of $71.32
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Payout at maturity: | If final share price is less than trigger price, one Schlumberger share; otherwise, par
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Initial share price: | $71.32
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Trigger price: | $49.92, 70% of initial price
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90267Q424
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