Published on 2/2/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $668,500 trigger autocallable optimization securities linked to U.S. Steel
By Toni Weeks
San Diego, Feb. 2 - UBS AG, London Branch priced $668,500 of 0% trigger autocallable optimization securities due Feb. 11, 2013 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If U.S. Steel shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call return of 25.93%.
If the notes are not called and the final share price is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | United States Steel Corp. (NYSE: X)
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Amount: | $668,500
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Maturity: | Feb. 11, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is greater than or equal to trigger price, par; otherwise, exposure to losses
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Initial share price: | $31.44
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Trigger price: | $20.44, 65% of initial price
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Call option: | At par plus 25.93% per year if U.S. Steel shares close at or above initial price on a monthly observation date
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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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: | 90267Y781
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