Published on 1/9/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,922 9.39% trigger yield optimization notes linked to Wynn Resorts
By Susanna Moon
Chicago, Jan. 9 - UBS AG, London Branch priced $99,922 of 9.39% annualized trigger yield optimization notes due Nov. 20, 2012 linked to Wynn Resorts Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial share price of Wynn Resorts.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Wynn Resorts stock is less than 60% of the initial share price, in which case investors will receive one Wynn Resorts 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: | Wynn Resorts Ltd. (Nasdaq: WYNN)
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Amount: | $99,921.68
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Maturity: | Nov. 20, 2012
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Coupon: | 9.39%, payable monthly
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Price: | Par of $106.64
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Payout at maturity: | If final share price is less than trigger price, one Wynn Resorts share; otherwise, par
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Initial share price: | $106.64
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Trigger price: | $63.98, 60% of initial price
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Pricing date: | Jan. 9
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Settlement date: | Jan. 12
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.66%
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Cusip: | 90267W173
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