Published on 10/6/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,989 13.04% trigger yield optimization notes linked to Dow Chemical
By Susanna Moon
Chicago, Oct. 6 - UBS AG, London Branch priced $99,989 of 13.04% annualized trigger yield optimization notes due April 12, 2012 linked to Dow Chemical Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial price of Dow Chemical stock.
Interest is payable monthly.
The payout at maturity will be par in cash unless the stock finishes below the trigger level - 60% of the initial share price - in which case investors will receive one Dow Chemical 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: | Dow Chemical Co. (NYSE: DOW)
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Amount: | $99,988.68
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Maturity: | April 12, 2012
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Coupon: | 13.04%, payable monthly
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Price: | Par of $25.32
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Payout at maturity: | If stock finishes below trigger price, one Dow Chemical share; otherwise, par
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Initial share price: | $25.32
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Trigger price: | $15.19, or 60% of initial price
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Pricing date: | Oct. 6
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Settlement date: | Oct. 12
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90268F617
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