Published on 11/18/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $199,979 15.64% trigger yield optimization notes on JPMorgan
By Susanna Moon
Chicago, Nov. 18 - UBS AG, London Branch priced $199,979 of 15.64% annualized trigger yield optimization notes due Aug. 23, 2012 linked to JPMorgan Chase & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of JPMorgan stock.
The payout at maturity will be par in cash unless the final price of JPMorgan stock is less than 75% of the initial share price, in which case investors will receive one JPMorgan share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | JPMorgan Chase & Co. (NYSE: JPM)
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Amount: | $199,979.22
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Maturity: | Aug. 23, 2012
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Coupon: | 15.64%, payable monthly
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Price: | Par of $30.62
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Payout at maturity: | If final share price is less than trigger price, one JPMorgan share; otherwise, par
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Initial share price: | $30.62
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Trigger price: | $22.96, or 75% of initial price
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90267Q259
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