Published on 5/25/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,996 12% trigger yield optimization notes linked to Micron Technology
New York, May 25 - UBS AG, London Branch priced $99,996.88 of 12% annualized trigger yield optimization notes due Nov. 26 linked to the common stock of Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $5.96, which is equal to the initial share price of Micron Technology stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Micron Technology stock is less than 50.5% of the initial share price, in which case investors will receive one Micron Technology 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: | Micron Technology, Inc. (Nasdaq: MU)
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Amount: | $99,996.88
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Maturity: | Nov. 26
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Coupon: | 12%, payable monthly
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Price: | Par of $5.96
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Payout at maturity: | If final share price is less than trigger price, one Micron Technology share; otherwise, par
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Initial share price: | $5.96
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Trigger price: | $3.01, 50.5% of initial price
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.899%
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Cusip: | 90268W271
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