Published on 3/13/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.95 million trigger autocallables on iShares Russell 2000
By Marisa Wong
Madison, Wis., March 13 - UBS AG, London Branch priced $1.95 million of 0% trigger autocallable optimization securities due March 15, 2017 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing share price is greater than the initial price on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 11.6%.
If the notes are not called and the final price is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying ETF: | iShares Russell 2000 index fund
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Amount: | $1,951,000
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Maturity: | March 15, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final price is greater than or equal to trigger price, par; otherwise, full exposure to losses
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Call: | At par plus 11.6% per year if closing share price is greater than initial price on any quarterly observation date after one year
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Initial price: | $81.60
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Trigger price: | $43.04, 65% of initial price
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Pricing date: | March 9
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Settlement date: | March 14
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 9026M0382
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