Published on 8/26/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $202,000 trigger autocallable optimization notes linked to Google
By Angela McDaniels
Tacoma, Wash., Aug. 26 - UBS AG, London Branch priced $202,000 of 0% trigger autocallable optimization securities due Sept. 4, 2012 linked to the common stock of Google Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Google stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call return of 22.79%.
The payout at maturity will be par if Google stock finishes at or above 75% of the initial share price. Otherwise, investors will be exposed to the decline from the initial share price to the final share price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Google Corp. (Nasdaq: GOOG)
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Amount: | $202,000
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Maturity: | Sept. 4, 2012
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If Google stock finishes at or above trigger price, par; otherwise, par plus stock return
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Call: | At par plus premium of 22.79% per year if Google stock closes at or above initial share price on any of 12 monthly observation dates
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Initial share price: | $526.86
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Trigger price: | $395.14, 75% of initial price
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.25%
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Cusip: | 90268C879
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