Published on 11/14/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,975 26.35% trigger yield optimization notes linked to Research In Motion
By Angela McDaniels
Tacoma, Wash., Nov. 14 - UBS AG, London Branch priced $99,975 of 26.35% annualized trigger yield optimization notes due Feb. 16, 2012 linked to the common stock of Research In Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $18.49, which is equal to the initial share price of Research In Motion stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Research In Motion stock is less than 65% of the initial share price, in which case investors will receive one Research In Motion 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: | Research In Motion Ltd. (Nasdaq: RIMM)
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Amount: | $99,975.43
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Maturity: | Feb. 16, 2012
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Coupon: | 26.35%, payable monthly
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Price: | Par of $18.49
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Payout at maturity: | If final share price is less than trigger price, one Research In Motion share; otherwise, par
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Initial share price: | $18.49
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Trigger price: | $12.02, 65% of initial price
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Pricing date: | Nov. 11
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Settlement date: | Nov. 16
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.7%
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Cusip: | 90267M241
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