Published on 7/21/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $249,960 9.79% trigger yield optimization notes on SanDisk
By Susanna Moon
Chicago, July 21 - UBS AG, London Branch priced $249,960 of 9.79% annualized trigger yield optimization notes due Jan. 26, 2012 linked to SanDisk Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to $41.57, which is the initial price of SanDisk stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of SanDisk stock is less than 70% of the initial share price, in which case investors will receive a cash amount equal to one SanDisk share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | SanDisk Corp. (Nasdaq: SNDK)
|
| Amount: | $249,960.41
|
| Maturity: | Jan. 26, 2012
|
| Coupon: | 9.79%, payable monthly
|
| Price: | Par of $41.57
|
| Payout at maturity: | If final share price is less than trigger price, cash amount equal to one SanDisk share per note; otherwise, par
|
| Initial share price: | $41.57
|
| Trigger price: | $29.10, or 70% of initial price
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90267X544
|
© 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.
