Published on 11/22/2010 in the Prospect News Structured Products Daily.
New Issue: UBS prices $14.37 million 10.23% yield optimization notes on Boeing
By Jennifer Chiou
New York, Nov. 22 - UBS AG, London Branch priced $14.37 million of 10.23% annualized yield optimization notes with contingent protection due May 24, 2011 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes have a face value of $64.61 each, which is the initial share price of Boeing stock.
The payout at maturity will be par unless the final price of Boeing stock is less than 80% of the initial share price, in which case the payout will be one share of Boeing stock per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Yield optimization notes with contingent protection
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Underlying stock: | Boeing Co. (NYSE: BA)
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Amount: | $14,366,744.21
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Maturity: | May 24, 2011
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Coupon: | 10.23%, payable monthly
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Price: | Par of $64.61
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Payout at maturity: | If final price of Boeing stock is less than trigger price, one Boeing share; otherwise, par
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Initial share price: | $64.61
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Trigger price | $51.69, 80% of initial price
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Pricing date: | Nov. 18
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Settlement date: | Nov. 24
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90267F840
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