Published on 6/3/2010 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.5 million 15% yield optimization notes linked to International Paper
By Susanna Moon
Chicago, June 1 - UBS AG, London Branch priced $1.5 million of 15% yield optimization notes with contingent protection due June 7, 2011 based on International Paper Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $22.24, which is equal to the closing price of International Paper stock on the pricing date.
Interest is payable monthly.
The payout at maturity will be par unless the final price of International Paper stock is less than 80% of the initial share price, in which case the payout will be one share of International Paper stock.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Yield optimization notes with contingent protection
|
Underlying stock: | International Paper Co. (NYSE: IP)
|
Amount: | $1,499,999.04
|
Maturity: | June 7, 2011
|
Coupon: | 15%, payable monthly
|
Price: | Par of $22.24
|
Payout at maturity: | If final share price is less than trigger price, one International Paper share; otherwise, par
|
Initial share price: | $22.24
|
Trigger price: | $17.79, or 80% of initial price
|
Pricing date: | June 1
|
Settlement date: | June 4
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 1.5%
|
Cusip: | 90267C359
|
© 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.