Published on 2/15/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $260,000 trigger autocallable notes tied to SunTrust Banks
By Susanna Moon
Chicago, Feb. 15 - UBS AG, London Branch priced $260,000 of 0% trigger autocallable optimization securities due Feb. 25, 2013 linked to SunTrust Banks, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing price of SunTrust stock is greater than the initial share price on any monthly observation date, the notes will be called at par plus an annualized return of 19.66%.
If the notes are not called and the shares finish at or above 75% of the initial share price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger autocallable optimization securities
|
Underlying stock: | SunTrust Banks, Inc. (NYSE: STI)
|
Amount: | $260,000
|
Maturity: | Feb. 25, 2013
|
Coupon: | 19.66%, payable monthly
|
Price: | Par of $21.87
|
Payout at maturity: | If final share price is at least trigger price, par; otherwise, full exposure to losses
|
Call: | At par plus an annualized return of 19.66% if SunTrust stock closes above initial price on any monthly observation date
|
Initial share price: | $21.87
|
Trigger price: | $16.40, 75% of initial price
|
Pricing date: | Feb. 15
|
Settlement date: | Feb. 21
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1.25%
|
Cusip: | 90268H779
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.