Published on 9/27/2011 in the Prospect News Structured Products Daily.
New Issue: UBS sells $99,786 10.93% trigger yield optimization notes linked to Hewlett-Packard
By Toni Weeks
San Diego, Sept. 27 - UBS AG, London Branch priced $99,786 of 10.93% trigger yield optimization notes due Oct. 2, 2012 linked to the common stock of Hewlett-Packard Co., 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 70% 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: | $99,785.70
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Maturity: | Oct. 2, 2012
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Coupon: | 10.93%, payable monthly
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Price: | Par of $23.59
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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: | $23.59
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Trigger price: | $16.51, 70% of initial price
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90268D828
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