Published on 7/28/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.05 million trigger performance notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 28 - UBS AG, London Branch priced $4.05 million of 0% trigger performance securities due July 29, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 127.5% of the index return. If the index return is zero or negative and the final index level is at least 50% of the initial index level, investors will receive par. If the final index level is less than 50% of the initial index level, investors will be fully exposed to the decline from the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | S&P 500
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Amount: | $4,052,150
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Maturity: | July 29, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 127.5% of any increase in index; par if index falls by 50% or less; full exposure to decline from initial level if index falls beyond 50%
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Initial index level: | 1,331.94
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Pricing date: | July 26
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Settlement date: | July 29
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90267X726
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