Published on 3/20/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.96 million 10.25% trigger yield optimization notes linked to Agilent
By Angela McDaniels
Tacoma, Wash., March 20 - UBS AG, London Branch priced $1.96 million of 10.25% trigger yield optimization notes due March 22, 2013 linked to the common stock of Agilent Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $45.62, which is equal to the initial share price of Agilent stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Agilent stock is less than 80% of the initial share price, in which case investors will receive one Agilent 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: | Agilent Technologies, Inc. (Symbol: A)
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Amount: | $1,955,729.40
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Maturity: | March 22, 2013
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Coupon: | 10.25%, payable monthly
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Price: | Par of $45.62
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Payout at maturity: | If final share price is less than trigger price, one Agilent share; otherwise, par
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Initial share price: | $45.62
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Trigger price: | $36.50, 80% of initial price
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Pricing date: | March 16
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Settlement date: | March 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 9026M0432
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