Published on 9/28/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $107,243 9.25% trigger yield optimization notes on Google
By Susanna Moon
Chicago, Sept. 28 - UBS AG, London Branch priced $107,243 of 9.25% trigger yield optimization notes due Oct. 3, 2012 linked to Google Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial share price of Google.
The payout at maturity will be par unless the final price of Google stock is less than 80% of the initial share price, in which case investors will receive one Google 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: | Google Inc. (Nasdaq: GOOG)
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Amount: | $107,243
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Maturity: | Oct. 3, 2012
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Coupon: | 9.25%, payable monthly
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Price: | Par of $528.29
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Payout at maturity: | Par unless final price is less than trigger price, in which case one Google share per note
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Initial share price: | $528.29
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Trigger price: | $422.63, or 80% of initial share price
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90268F112
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