Published on 12/15/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $159,953 14% trigger yield optimization notes linked to Weatherford
By Angela McDaniels
Tacoma, Wash., Dec. 15 - UBS AG, London Branch priced $159,953 of 14% annualized trigger yield optimization notes due June 20, 2012 linked to the common stock of Weatherford International Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial price of Weatherford stock.
Interest is payable monthly.
The payout at maturity will be par in cash unless the final price of Weatherford stock is less than 62% of the initial share price, in which case investors will receive one Weatherford share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Weatherford International Ltd. (NYSE: WFT)
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Amount: | $159,953.22
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Maturity: | June 20, 2012
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Coupon: | 14%, payable monthly
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Price: | Par of $13.14
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Payout at maturity: | If final share price is less than trigger price, one Weatherford share; otherwise, par
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Initial share price: | $13.14
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Trigger price: | $8.15, 62% of initial price
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Pricing date: | Dec. 15
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Settlement date: | Dec. 20
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90267U730
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