Published on 10/4/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,985 10.63% trigger yield optimization notes linked to Oracle
By Angela McDaniels
Tacoma, Wash., Oct. 4 - UBS AG, London Branch priced $99,985 of 10.63% annualized trigger yield optimization notes due Oct. 10, 2012 linked to the common stock of Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $28.69, which is equal to the initial share price of Oracle stock.
Interest is payable quarterly.
The payout at maturity will be par unless the final price of Oracle stock is less than 70% of the initial share price, in which case investors will receive one Oracle 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: | Oracle Corp. (Nasdaq: ORCL)
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Amount: | $99,984.65
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Maturity: | Oct. 10, 2012
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Coupon: | 10.63%, payable quarterly
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Price: | Par of $28.69
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Payout at maturity: | If final share price is less than trigger price, one Oracle share; otherwise, par
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Initial share price: | $28.69
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Trigger price: | $20.08, 70% of initial price
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Pricing date: | Oct. 4
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Settlement date: | Oct. 7
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90268F443
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