Published on 10/11/2011 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,959 13.34% trigger yield optimization notes linked to Starwood
By Toni Weeks
San Diego, Oct. 11 - UBS AG, London Branch priced $99,959 of 13.34% trigger yield optimization notes due Oct. 24, 2012 linked to the common stock of Starwood Hotels & Resorts Worldwide, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Starwood stock.
The payout at maturity will be par in cash unless the final price of Starwood stock is less than 70% of the initial share price, in which case investors will receive one Starwood share per note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger yield optimization notes
|
Underlying stock: | Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
|
Amount: | $99,959
|
Maturity: | Oct. 24, 2012
|
Coupon: | 13.34%, payable monthly
|
Price: | Par of $43.88
|
Payout at maturity: | If final share price is less than trigger price, one Starwood share; otherwise, par
|
Initial share price: | $43.88
|
Trigger price: | $30.72, 70% of initial price
|
Pricing date: | Oct. 10
|
Settlement date: | Oct. 13
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90268F831
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.