Published on 8/19/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,997 8.19% trigger yield optimization notes tied to Itau Unibanco
New York, Aug. 19 - UBS AG, London Branch priced $99,997 of 8.19% trigger yield optimization notes due Aug. 22, 2014 linked to the American Depositary Shares of Itau Unibanco Holdings SA, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $11.94, which is equal to the initial share price of Itau Unibanco stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Itau Unibanco stock is less than 80% of the initial share price, in which case investors will receive one Itau Unibanco 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: | Itau Unibanco Holdings SA (NYSE: ITUB)
|
| Amount: | $99,997
|
| Maturity: | Aug. 22, 2014
|
| Coupon: | 8.19%, payable monthly
|
| Price: | Par of $11.94
|
| Payout at maturity: | If final share price is less than trigger price, one Itau Unibanco | share; otherwise, par
|
| Initial share price: | $11.94
|
| Trigger price: | $9.55, 80% of initial price
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 22
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.51%
|
| Cusip: | 90269L563
|
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