Published on 12/3/2012 in the Prospect News Structured Products Daily.
New Issue: UBS sells $11.57 million 8.52% single observation ELKS tied to Anadarko
By Marisa Wong
Madison, Wis., Dec. 3 - UBS AG, London Branch priced $11.57 million of 8.52% annualized single observation Equity LinKed Securities due June 4, 2013 linked to the common stock of Anadarko Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 in cash unless the final price of Anadarko shares is less than or equal to 80% of the initial price, in which case the payout will be a number Anadarko shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.
UBS Securities LLC is the underwriter.
Issuer: | UBS AG, London Branch
|
Issue: | Single observation Equity LinKed Securities
|
Underlying stock: | Anadarko Corp. (NYSE: APC)
|
Amount: | $11,570,050
|
Maturity: | June 4, 2013
|
Coupon: | 8.52%, payable monthly
|
Price: | Par of $10
|
Payout at maturity: | Par unless final price of Anadarko shares is less than or equal to downside threshold price, in which case 0.13630 Anadarko shares or cash equivalent
|
Initial share price: | $73.37
|
Downside threshold price: | $58.70, 80% of initial price
|
Pricing date: | Nov. 29
|
Settlement date: | Dec. 4
|
Underwriter: | UBS Securities LLC
|
Fees: | 1.5%
|
Cusip: | 90269V819
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.