Published on 3/13/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $200,000 trigger autocallables linked to Genworth Financial
New York, March 13 - UBS AG, London Branch priced $200,000 of 0% trigger autocallable optimization securities due March 20, 2014 linked to the common stock of Genworth Financial, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 16.71% per year if Genworth Financial shares close at or above the initial share price on any observation date, which occurs every month.
If the notes are not called and Genworth Financial shares finish at or above the trigger price, 68% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Genworth Financial, Inc. (NYSE: GNW)
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Amount: | $200,000
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Maturity: | March 20, 2014
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par if Genworth Financial shares finish at or above trigger price; otherwise, full exposure to share price decline
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Call: | Automatically at par plus 16.71% per year if Genworth Financial shares close at or above initial share price on any observation date, which occurs every month.
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Initial share price: | $10.51
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Trigger price: | $7.15, 68% of initial price
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Pricing date: | March 13
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Settlement date: | March 18
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90269F418
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