Published on 9/27/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $152,958 12.85% trigger yield optimization notes linked to Sprint Nextel
New York, Sept. 27 - UBS AG, London Branch priced $152,958 of 12.85% annualized trigger yield optimization notes due July 2, 2013 linked to the common stock of Sprint Nextel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $5.60, which is equal to the initial share price of Sprint Nextel stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Sprint Nextel stock is less than 70% of the initial share price, in which case investors will receive one Sprint Nextel 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: | Sprint Nextel Corp. (NYSE: S)
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Amount: | $152,958
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Maturity: | July 2, 2013
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Coupon: | 12.85%, payable monthly
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Price: | Par of $5.60
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Payout at maturity: | If final share price is less than trigger price, one Sprint Nextel share; otherwise, par
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Initial share price: | $5.60
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Trigger price: | $3.92, 70% of initial price
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Pricing date: | Sept. 27
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Settlement date: | Oct. 2
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90270C123
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