New Issue: UBS prices $539,784 8.35% trigger yield optimization notes on Rio Tinto

By Toni Weeks

San Diego, Oct. 19 - UBS AG, London Branch priced $539,784 of 8.35% trigger yield optimization notes due Oct. 24, 2013 linked to the American Depositary Shares of Rio Tinto plc, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Rio Tinto ADSs.

The payout at maturity will be par in cash unless the final Rio Tinto ADS price is less than 70% of the initial price, in which case investors will receive one Rio Tinto ADS per note.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying ADSs:	Rio Tinto plc (Symbol: RIO)
Amount:	$539,784
Maturity:	Oct. 24, 2013
Coupon:	8.35%, payable monthly
Price:	Par of $51.00
Payout at maturity:	If final price is less than trigger price, one Rio Tinto ADS; otherwise, par
Initial price:	$51.00
Trigger price:	$35.70, 70% of initial price
Pricing date:	Oct. 19
Settlement date:	Oct. 24
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90270D618

© 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.