Published on 5/14/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.37 million 9.15% airbag yield optimization notes linked to Riverbed
By Jennifer Chiou
New York, May 14 - UBS AG, London Branch priced $1,365,000 of 9.15% annualized airbag yield optimization notes due Nov. 18, 2013 linked to Riverbed Technology, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Riverbed shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Riverbed Technology, Inc. (Nasdaq: RVBD)
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Amount: | $1,365,000
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Maturity: | Nov. 18, 2013
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Coupon: | 9.15%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of Riverbed shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $15.78
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Conversion price: | $12.62, 80% of initial price
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Pricing date: | May 10
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Settlement date: | May 15
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90271C494
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