New Issue: UBS prices $1.76 million 8.46% trigger yield notes linked to Citigroup

By Jennifer Chiou

New York, July 29 - UBS AG, London Branch priced $1.76 million of 8.46% trigger yield optimization securities due July 25, 2012 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note has a principal amount of $38.27, which is equal to the initial share price of Citigroup stock.

Interest is payable monthly.

The payout at maturity will be par if Citigroup stock finishes at or above 80% of the initial share price. Otherwise, investors will receive one share of Citigroup stock per note.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization securities
Underlying stock:	Citigroup Inc. (NYSE: C)
Amount:	$1,761,185.40
Maturity:	July 25, 2012
Coupon:	8.46%, payable monthly
Price:	Par of $38.27
Payout at maturity:	If Citigroup stock finishes at or above trigger price, par; otherwise, one Citigroup share
Initial share price:	$38.27
Trigger price:	$30.62, 80% of initial price
Pricing date:	July 27
Settlement date:	July 29
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90268B152

© 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.