Published on 8/4/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $249,998 of 11.71% trigger yield optimization notes linked to MetLife
By Susanna Moon
Chicago, Aug. 4 - UBS AG, London Branch priced $249,998 of 11.71% annualized trigger yield optimization notes due Feb. 15, 2012 linked to MetLife Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial price of MetLife stock.
The payout at maturity will be par in cash unless the final price of MetLife stock is less than 80% of the initial share price, in which case investors will receive one MetLife share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | MetLife Inc. (NYSE: MET)
|
| Amount: | $249,997.50
|
| Maturity: | Feb. 15, 2012
|
| Coupon: | 11.71%, payable monthly
|
| Price: | Par of $36.90
|
| Payout at maturity: | If final share price is less than trigger price, one MetLife share; otherwise, par
|
| Initial share price: | $36.90
|
| Trigger price: | $29.52, or 80% of initial price
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 9
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90268B616
|
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