Published on 9/20/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $163,700 trigger autocallable optimization notes on Oracle
By Marisa Wong
Madison, Wis., Sept. 20 - UBS AG, London Branch priced $163,700 of 0% trigger autocallable optimization securities due Sept. 27, 2012 linked to the common stock of Oracle Corp., according to an FWP filing with the Securities and Exchange Commission.
If Oracle shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call premium of 25.66%.
If the notes are not called and the final share price is greater than or equal to 80% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in the decline from 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: | Trigger autocallable optimization securities
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Underlying stock: | Oracle Corp. (Nasdaq: ORCL)
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Amount: | $163,700
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Maturity: | Sept. 27, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is greater than or equal to trigger price, par; otherwise, full exposure to share price decline
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Call: | At par plus 25.66% per year if shares close at or above initial share price on any monthly observation date
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Initial share price: | $28.35
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Trigger price: | $22.68, 80% of initial share price
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Pricing date: | Sept. 20
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Settlement date: | Sept. 23
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.25%
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Cusip: | 90268E719
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