Published on 11/30/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,977 9.26% trigger yield optimization notes linked to Hewlett-Packard
By Susanna Moon
Chicago, Nov. 30 - UBS AG, London Branch priced $99,977 of 9.26% trigger yield optimization notes due Dec. 5, 2013 linked to Hewlett-Packard Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of Hewlett-Packard stock.
The payout at maturity will be par in cash unless the final price of Hewlett-Packard stock is less than 60% of the initial share price, in which case investors will receive one Hewlett-Packard share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Hewlett-Packard Co. (NYSE: HPQ)
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Amount: | $99,977.15
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Maturity: | Dec. 5, 2013
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Coupon: | 9.26%, payable monthly
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Price: | Par of $27.95
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Payout at maturity: | If final share price is less than trigger price, one Hewlett-Packard share; otherwise, par
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Initial share price: | $27.95
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Trigger price: | $16.77, 60% of initial price
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90267T576
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