Published on 4/10/2012 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.55 million 11.25% trigger yield optimization notes linked to Skyworks
By Angela McDaniels
Tacoma, Wash., April 10 - UBS AG, London Branch priced $2.55 million of 11.25% trigger yield optimization notes due April 11, 2013 linked to the common stock of Skyworks Solutions, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $26.94, which is equal to the initial share price of Skyworks stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Skyworks stock is less than 70% of the initial share price, in which case investors will receive one Skyworks 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: | Skyworks Solutions, Inc. (Symbol: SWKS)
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Amount: | $2,548,955.04
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Maturity: | April 11, 2013
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Coupon: | 11.25%, payable monthly
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Price: | Par of $26.94
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Payout at maturity: | If final share price is less than trigger price, one Skyworks share; otherwise, par
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Initial share price: | $26.94
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Trigger price: | $18.86, 70% of initial price
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Pricing date: | April 5
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Settlement date: | April 11
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 9026M0598
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