Published on 5/28/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $229,885 8.29% trigger yield optimization notes linked to lululemon athletica
New York, May 28 - UBS AG, London Branch priced $229,885.36 of 8.29% trigger yield optimization notes due June 3, 2015 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $44.69, which is equal to the initial share price of lululemon athletica stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of lululemon athletica stock is less than 80% of the initial share price, in which case investors will receive one lululemon athletica share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | lululemon athletica inc.
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Amount: | $229,885.36
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Maturity: | June 3, 2015
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Coupon: | 8.29%, payable monthly
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Price: | Par of $44.69
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Payout at maturity: | If final share price is less than trigger price, one lululemon athletica share; otherwise, par
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Initial share price: | $44.69
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Trigger price: | $35.75, 80% of initial price
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Pricing date: | May 28
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Settlement date: | June 2
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.48%
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Cusip: | 90272K552
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