Published on 5/16/2013 in the Prospect News Structured Products Daily.
New Issue: UBS prices $150,000 3.8% airbag yield optimization notes on Newmont
By Marisa Wong
Madison, Wis., May 16 - UBS AG, London Branch priced $150,000 of 3.8% airbag yield optimization notes due May 21, 2014 linked to Newmont Mining Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Newmont Mining shares equal to $1,000 divided by the conversion price. The conversion price is 75% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Newmont Mining Corp. (Symbol: NEM)
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Amount: | $150,000
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Maturity: | May 21, 2014
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Coupon: | 3.8%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless final share price is less than conversion price, in which case 42.4268 Newmont Mining shares
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Initial share price: | $31.43
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Conversion price: | $23.57, 75% of initial share price
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Pricing date: | May 16
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Settlement date: | May 21
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90271H113
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