New Issue: UBS prices $199,989 13.05% trigger yield optimization notes linked to Goldman Sachs

By Susanna Moon

Chicago, Sept. 22 - UBS AG, London Branch priced $199,989 of 13.05% trigger yield optimization notes due Sept. 27, 2012 linked to Goldman Sachs Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is equal to the initial share price of Goldman Sachs.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Goldman Sachs stock is less than 70% of the initial share price, in which case investors will receive one Goldman Sachs share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Goldman Sachs Group, Inc. (Symbol: GS)
Amount:	$199,989.44
Maturity:	Sept. 27, 2012
Coupon:	13.05%, payable monthly
Price:	Par of $93.98
Payout at maturity:	Par unless final price is less than trigger price, in which case one Goldman Sachs share per note
Initial share price:	$93.98
Trigger price:	$65.79, or 70% of initial share price
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90268D349

© 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.