Published on 1/21/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $654,925 7.38% trigger yield optimization notes on Sony
New York, Jan. 21 - UBS AG, London Branch priced $654,925 of 7.38% trigger yield optimization notes due Jan. 26, 2015 linked to the American depositary shares of Sony Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $16.85, which is equal to the initial share price of Sony stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Sony stock is less than 80% of the initial share price, in which case investors will receive one Sony 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: | Sony Corp. (NYSE: SNE)
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Amount: | $654,925
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Maturity: | Jan. 26, 2015
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Coupon: | 7.38%, payable monthly
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Price: | Par of $16.85
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Payout at maturity: | If final share price is less than trigger price, one Sony share; otherwise, par
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Initial share price: | $16.85
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Trigger price: | $13.48, 80% of initial price
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Pricing date: | Jan. 21
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Settlement date: | Jan. 24
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90270S177
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