Published on 5/16/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $159,920 9.15% trigger yield optimization notes linked to Peabody Energy
New York, May 16 - UBS AG, London Branch priced $159,920.64 of 9.15% trigger yield optimization notes due May 21, 2013 linked to the common stock of Peabody Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $25.24, which is equal to the initial share price of Peabody Energy stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Peabody Energy stock is less than 55% of the initial share price, in which case investors will receive one Peabody Energy share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Peabody Energy Corp. (NYSE: BTU)
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Amount: | $159,920.64
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Maturity: | May 21, 2013
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Coupon: | 9.15%, payable monthly
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Price: | Par of $25.24
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Payout at maturity: | If final share price is less than trigger price, one Peabody Energy share; otherwise, par
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Initial share price: | $25.24
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Trigger price: | $13.88, 55% of initial price
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Pricing date: | May 16
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Settlement date: | May 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90268V240
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