Published on 6/25/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $201,932 10.85% trigger yield optimization notes linked to Genworth Financial
New York, June 25 - UBS AG, London Branch priced $201,932 of 10.85% trigger yield optimization notes due June 30, 2014 linked to the common stock of Genworth Financial, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $10.88, which is equal to the initial share price of Genworth Financial stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Genworth Financial stock is less than 75% of the initial share price, in which case investors will receive one Genworth Financial 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: | Genworth Financial, Inc. (NYSE: GNW)
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Amount: | $201,932
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Maturity: | June 30, 2014
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Coupon: | 10.85%, payable monthly
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Price: | Par of $10.88
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Payout at maturity: | If final share price is less than trigger price, one Genworth Financial share; otherwise, par
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Initial share price: | $10.88
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Trigger price: | $8.16, 75% of initial price
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Pricing date: | June 25
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Settlement date: | June 28
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90271N490
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