New Issue: UBS prices $99,986 17.24% trigger yield optimization notes tied to Las Vegas Sands

By Toni Weeks

San Diego, Oct. 6 - UBS AG, London Branch priced $99,986 of 17.24% annualized trigger yield optimization notes due April 12, 2012 linked to Las Vegas Sands Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is equal to the initial price of Las Vegas Sands stock.

Interest is payable monthly.

The payout at maturity will be par in cash unless the stock finishes below the trigger level - 60% of the initial share price - in which case investors will receive one Las Vegas Sands share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Las Vegas Sands Corp. (NYSE: LVS)
Amount:	$99,986
Maturity:	April 12, 2012
Coupon:	17.24%, payable monthly
Price:	Par of $41.87
Payout at maturity:	If stock finishes below trigger price, one Las Vegas Sands share; otherwise, par
Initial share price:	$41.87
Trigger price:	$25.12, 60% of initial price
Pricing date:	Oct. 6
Settlement date:	Oct. 12
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90268F666

© 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.